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Mapping Out a Trade Entry and Exit Plan: When to Buy & When to Sell ๐
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Trade Map User Guide, Mapping out all potential price moves before you take the trade. How do you enter and exit trades? Should I have a trading plan? What should a good trading plan consist of? What are the things that need to be known before entering a trade? How do you plan trades and map potential price moves? OK.
Most of us have been in trades where the price has done something and we reacted negatively or done something after which in hindsight we think was wrong. Think about where price could move when things are quiet. What should you consider when planning trade exits? How will I respond if X happens? The main aim of this is to stop us responding in a negative way. How can I build my trading plan, risk management and money management and trading strategies?
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