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Ep 014 Boot Camp Day 3 - How Do I Make a Trading Plan and Make it Work for Me
Manage episode 407132493 series 3558047
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Today we're talking trading plans and why they are so darn important! You can lose money very fast in crypto due to its volatility, but with the right trading plan and proper execution you can be the exception. Today Brad will be teaching how to create a trading plan and stick to it. Brad has been trading crypto, stocks, commodities, and forex for a very long time, and he's learned lessons the hard way as well as made plenty of money by making a plan and seeing it through.
In these markets, emotions can very easily get the best of us. It's extremely important to check those emotions at the door, know when you want to get in, and even more importantly, when you want to get out. You could be riding high on a project you think is going to the moon, and when you hit your target you think "Ah, this got here so fast, I think it go even higher." That's when the project takes a wrong turn, and POOF, you've just blown your trade and missed your opportunity to get out when you said you would.
We've got some tips and tricks to stay true to yourself, keep your emotions out of the game, and have fun while doing it. This might be one of the most important tools in your toolbelt when it comes to trading. It might seem simple, but without proper execution, your account can go up in smoke along with your pride. We're here to help mitigate that and hopefully help you avoid making the same mistakes so many newer traders do.
Join in the conversation and let's talk crypto!
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Disclaimer: We are not financial advisors. No information spoken, displayed, portrayed, or inferred within or from this broadcast should be considered financial advice. This is for educational purposes only.
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