What is Trade Plan? Why it is essential

[sai mohan]

with out plan action becomes emotional and very likely to succumb to fear and greed.

therefore prior action plan is essential to assure success in trading stocks.

trade plan involves evaluation of risk and reward. actions such as choice of trading instruments i.e cash, margin, futures and option etc., whether to buy or sell and determination of stop loss..

[Ramya Muthu]

Trade plan defines what is supposed to be done when, why and how.
It defines your risk managements, personal expectations and your personality.

[vinitha]

Trade plan which helps us to plan for a better trading when to buy or sell and how to make a profit in a better way.

[Annu V]

A trade plan is to find out :

1)When to buy/sell a stock

2)Which stock is to be selected to buy/sell

3)What is the risk

4)What percent of profit/loss is expected

A trade plan is essential to execute a flawless or a profitable trade.

[shrividya]

Trade plan is for identifying the risk,reward,when to entry and exit,to know the stoplossl.

trade plan is essential to make profit without loss.

[Author]

Posts