The world of #trading is fascinating and complex, and to succeed it is essential to understand that it is not just about buying and selling. It is a systematic process that can be divided into four main phases.
Mastering each of these #fases is what separates consistent traders from those who fail.
Here I summarize them for you;
1. Preparation: Study, define a #estrategia with clear rules for entry, exit, and risk management, and analyze the market.🎲
2. Execution: Open the trade only when the planned opportunity arises, always placing stop-loss and take-profit orders.🛑
3. Monitoring: Monitor the open trade to ensure that the market 💹 does not invalidate the analysis, without interference from emotions.
4. Review: Analyze the result of each trade in a journal, evaluating the process and psychology for continuous improvement. 🧠
Key: Discipline to follow the plan and risk management are fundamental in all phases.
Conclusion:
Trading is not a sprint, it is a marathon. Consistency is achieved by respecting this cycle time and again, learning from each operation and always keeping risk management as the absolute priority. Most focus only on Phase 2, but successful traders dedicate 80% of their time to phases 1 and 4.
