The Difference Between A Trading Strategy And A Trading Plan
Page 1 of 232 123451151101 ... LastLast
Results 1 to 10 of 2317

Thread: The Difference Between A Trading Strategy And A Trading Plan

  1. #1

    The Difference Between A Trading Strategy And A Trading Plan

    The Difference Between A Trading Strategy And A Trading Plan :

    A trading strategy tells you when to enter and when to exit trades

    A trading plan is more comprehensive than a trading strategy

    A trading plan covers at least seven elements:

    1. The market(s) you want to trade.
    2. The timeframes you want to trade, e.g. 5 min, 10 min, tick or range bars.
    3. A brief description of the strategies you want to trade and when to use what strategy.
    4. The entry rules of the strategies.
    5. The exit rules of the strategies.
    6. Other important rules, e.g. when to trade and when not to trade.
    7. The money management approach you are using.

  2. #2
    Hi jomks very well comparison i appreciate this currently i trading with multiple strategies but not have a proper plan but now i'm thinking i should make a good plan for my trade like above you mentioned i hope i will get good results.

  3. #3
    Yes it these are two different things and especially new traders take both as same thing. A strategy is simply your entry and exit from market based on your analysis. While trading plan consists or market analysis, trading strategy to be used, deciding either sell or buy, using reasonable lot size depending uopn your capital size, performing money management etc. Also look for any upcoming news before placing your orders.

  4. #4
    Registered user
    Join Date
    Aug 2013
    Posts
    2,526
    Quote Originally Posted by kamran View Post
    Yes it these are two different things and especially new traders take both as same thing. A strategy is simply your entry and exit from market based on your analysis. While trading plan consists or market analysis, trading strategy to be used, deciding either sell or buy, using reasonable lot size depending uopn your capital size, performing money management etc. Also look for any upcoming news before placing your orders.
    when I see how our trading plan is to discover the trade by building a trading strategy, so the plan to trade with trading strategy is two different things because in this trading strategy concerning how to analyze,, money management and risk management while trading plan certainly related to how to learn in order to be able to get a good analysis and how to trade so that money management is set properly

  5. #5
    Trader dkarev's Avatar
    Join Date
    Aug 2013
    Location
    nigeira
    Posts
    3,007
    well our trading strategy is more like a way we use to entry the market to make money when trading and our trading plan involve our trading strategy and the level loss we can afford to lose when trading at a particular point in time.money management is involved as well

  6. #6
    Registered user mohamed reda's Avatar
    Join Date
    Aug 2013
    Posts
    1,009
    yes trading with a strategy and a money management plane is so necessary for any trader because the Forex market is looks like a big sea so you must have your own plane and your own strategy to survive and to make profits from this risky market . also the money management plane is the most important thing for you if you had any loss.

  7. #7
    There is a lot of noticeable difference between a trading strategy and a trading plan. Although these 2 are linked with each other but are different. In a trading strategy, a proper trading plan is necessary. And a proper trading plan requires a good srategy.

  8. #8
    Trader
    Join Date
    Mar 2013
    Posts
    1,504
    yes i think we have to learn more than one trading strategies because one strategy is not enough all the time according to market condition,but i think our trading should remains constant all the time..

  9. #9
    Well done. Your trading strategy will help many newbie like myself here. We all have to plan well to use those strategy properly. But the volatility of market sometime fails many strategy. We have to plan some different in different situation of market.

  10. #10
    A strong software system is the foundation of your dealership business. Unfortunately many investors think that all they need is a dealing technique. This is NOT the case!

Page 1 of 232 123451151101 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •