A complete trading strategy includes
(1) Underlying asset — what to trade;
(2) Position — how much to hold;
(3) Direction — long or short;
(4) Entry point — at what price to trade;
(5) Stop loss — when to exit a losing trade;
(6) Take profit — when to exit a winning trade;
(7) Countermeasures — how to respond to unexpected situations;
(8) Afterthought — actions after the trade is completed.
Trend + key levels + signals = successful trading
Develop good habits, accumulate over time, and you will notice the flaws in your trading process. Work hard to change them, and you will succeed.
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