Quote from: bitgolden on Today at 05:58:03 PM

Quote from: tottong on August 05, 2024, 04:07:19 AM

Not only in trading because wherever we run a plan is something that is needed.
Especially if involvement in trading and without a good plan we will not achieve the goals of the trading that is done because we do not know what to do. Trading does involve a lot of analysis because it requires the ability to see the movement of coins in the market and this method is a little more difficult to learn without discipline.

With a plan we can create a strategy because we know what to do in trading.
People say strategy is more important than a plan, but for me with a plan it will be much easier to create a strategy. Both are interconnected and need prior knowledge to achieve perfection in trading.

Yeah true, if we are dealing with anything in life, a plan is important and having a plan makes things easier to handle, it makes it a lot more profitable as well in trading. We need to make sure that we know what we are doing, and because of that we are going to make some good adjustments, it needs to be something that will take a while but it can happen.

We are going to cause a lot of trouble with what we have, and in order for us to grow further we are going to end up with some issues, it is going to be very hard.

What we need right now is to make sure that we deal with something that's going to take some time, and because of that we are going to see some changes. Of course it is not that easy to handle it all, but we can make that work somehow.

Planning ahead is what makes us from making mistakes, or more like if we make a plan and stick to that plan is what makes us from keep making mistakes. This is why we need to do a lot better planning and stick to it. If we end up with nothing and no plan, then we are just running around like a headless chicken and in that case the result will of course be a loss, nobody with zero planning could make a profit in this market, not even veteran traders.

Yes, it would really be always relevant in speaking about on having a plan because we know that dealing up something without having some good plan will really be leading you to nowhere on which you dont even know
on what you should really be that trying out to achieve. Also, one of the most important thing to consider about that risks management factor on which this thing would really be that important because this one considers on where you would really be that putting up yourself on making such decisions on that particular condition or market movement or behavior. You would really be able to see the importance yet you would really be finding yourself get prepared on dealing up with an unpredictable space. On the time or moment that you have found yourself that dealing with crypto then it would really be that relevant that you should really be that making up some plans so that you wont really be that making yourself getting lost. Trading without any plans or analysis is really just that as good that you are doing gambling because it would really be totally too risky to make out decisions without any basis. Whereas, you could really be able have at least that lesser risks on the time that you would really be applying something based on research.

When you do have plans then of course you would really be also having those back up plans on the time or moment that shit things happen then you do come prepared, which its not like into those who havent
done or consider one because on the moment that you do experience those things on which you hadnt that expecting then this would really be bringing up that kind of emotion on which it would really be causing up for you to have that loss of control specially on the moment that you would be handling your capital. On the time or moment that you do find yourself being that too impulsive then decisions would really be made out
isnt something that would really be good anymore because you had already that becoming that so desperate.