Having a written trade management plan

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  • #5738
    Cristian Ravalli
    Moderator

    Hey guys,

    I don’t know about you but when I started off trading I had nothing written down for my trade management. I thought I’ll work it out as I go along and what a mistake that was. On every single trade, I found myself in agony about which trade management to apply and subsequently could never live with the decision I had made. Have you written down your trade management? Do you plan your trade? Or do you not plan to fail? Anyway, even if you’re not a 100% about how you want to manage your trades yet, and we can always learn something new, it’s worth starting off with something and then amend as fits our personality of trading along the way. Who hasn’t got done his/her trade management plan yet?

    Happy Trading!
    Cris

    #5776
    Rob
    Participant

    Very important, guys! A lot of people overlook this as it’s the less “exciting” part of trading.

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