I want to start formulating a trading strategy from this post
in my opinion, the most important principle of a trading system is to formulate a strategy
but unfortunately, it is rarely mentioned and I did not find a source for a more detailed and better study of this issue
If anyone has read a useful source or article, I would be happy to introduce it here
the trading strategy consists of 4 pillars
1- the strategy of finding levels (it can be any method: Elliott or price action or classic or any other methods)
2- setup and entry trigger (signs to enter the trade at the level found)
3- trading plan (planning for the types of behavior that the price may perform on the level!)
4- risk and management (how much of your capital do you want to risk in this trade and how many times do you want to trade at this level and in which pair of currencies and with what timeframe do you traded)
but these are not enough, and the most important thing is the ability to implement the formulated strategy, which is very important
you must be able to control yourself! And enforce your own rules
thanks to my dear friend Ahmad JR and dear teacher Saeed Khakestar
in my opinion, the most important principle of a trading system is to formulate a strategy
but unfortunately, it is rarely mentioned and I did not find a source for a more detailed and better study of this issue
If anyone has read a useful source or article, I would be happy to introduce it here
the trading strategy consists of 4 pillars
1- the strategy of finding levels (it can be any method: Elliott or price action or classic or any other methods)
2- setup and entry trigger (signs to enter the trade at the level found)
3- trading plan (planning for the types of behavior that the price may perform on the level!)
4- risk and management (how much of your capital do you want to risk in this trade and how many times do you want to trade at this level and in which pair of currencies and with what timeframe do you traded)
but these are not enough, and the most important thing is the ability to implement the formulated strategy, which is very important
you must be able to control yourself! And enforce your own rules
thanks to my dear friend Ahmad JR and dear teacher Saeed Khakestar