Sharing trading operations involves describing the strategies, tools, and decisions that guide your trading journey. Here's an outline for crafting your approach:
1. Trading Goals
Profit Targets: Weekly or monthly returns percentage.
Risk Management: Setting risk tolerance levels per trade (e.g., 1-2% of the portfolio).
2. Trading Style
Day Trading: Multiple trades within a day, short-term focus.
Swing Trading: Holding positions for several days or weeks.
Scalping: Quick trades for small profits.
Long-Term Investing: Holding assets for months or years.
3. Market Analysis
Technical Analysis: Using tools like MACD, RSI, Bollinger Bands, etc., to analyze price patterns.
Fundamental Analysis: Reviewing news, economic events, and company performance.
4. Tools & Platforms
Platforms: Binance, Coinbase, or MetaTrader.
Tools: TradingView for charting, CryptoPanic for news aggregation.
5. Trading Plan
Define entry and exit points.
Use stop-loss orders to limit risk.
Set take-profit levels for planned exits.
6. Record Keeping
Maintain a trading journal to log:
Entry and exit points.
Profit/loss per trade.
Lessons learned.
7. Continuous Learning
Stay updated on market trends.
Adapt strategies based on performance analysis.
Would you like a more detailed guide on any of these points?