HOW TO DEVELOP YOUR OWN TRADING PLAN Trading plan is like a map that tells how the things will be done. Any trade without a plan is a gamble. You might win few trades without a trading plan but in a long run you are destined to lose your money so trading plan is a must. There are 8 key points every trading plan should have: 1) TIMEFRAME a)Day trade 15’ - 60’ b)Swing trade 4H - 1D c)Position trade 1D - 1W
2) RISK MANAGEMENT Risk 1-3% of capital per trade
3) CONDITIONS a) Ranging b)Trending
4) MARKETS a) Spot b) Margin c) Future
5) ENTRIES a) Pullbacks b) Breakouts c) Crossover
6) STOPS a) Percentage loss b) Away from market structure
7) TARGETS a) Fixed b) Trailing stop
8) JOURNALING AND REVIEWING THE TRADES (both winning and losing trades)
By using these 8 simple steps you can create your own trading strategy.
Crypto traders shouldn’t have egos. We click buttons all day and make thousands. Pumpfun is not grueling work, it is addicting. It constantly feeds our dopamine reward system. It’s not hard to sit on here for hours because you’re constantly being rewarded. Go out and hustle a real life business for 20 sol a month and you’ll see what real life is.
The sad reality of memecoins is that it turns 99% of the traders into weak men with egos they don’t deserve.
Money alone doesn’t make the man. Stay humble retards.
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