ื‘ื™ื˜ืงื•ื™ืŸ
ื”ืฉื›ืœื”

Plan Before Execute ๐Ÿ“‰๐Ÿ“‰๐Ÿ“‰

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โœ… Plan Before Execute - It is very important when you stard trading financial markets to have a plan that you follow, no plan means you dont know what you are doing and where you are going.

โœ… Have an entry strategy - it is very important to know your edge, your edgea means when you enter the trades based on what confluences. Couple confluences or entry strategies are trading with the market strucutre + key leveles + fibonaci retracement or moving averages to generate trading ideas

โœ… Use Stop Losses to Protect Capital - The first goal of a trader should be capital protection not capital growth, always use the stop loss on each trade. Use Take Profit - You are making money when you are closing the position, its also very important when you are closing the trade. Always place your take profits in areas where price gives a reverse signal. For example you entered from a support area with a BUY you put your TAKE PROFIT near a resistance area where price could reverse

What do you think ? Comment below..

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