Evaluation And Planning In Trading
In trading, we will always be blinded by market shocks. Where the state trend reversed at any time, or even trend persists for weeks. If you do not have a plan or an evaluation of the work of the past, certainly the current trading weakening and defeat.
You realize it or not without a plan, which could result in trading profits can be turned into losses. You try to prove without any analysis, immediate open position, then see how the total costs and benefits.
Evaluation on the Proposed
Any plans in the underlying of the evaluation. Why should there be an evaluation? Because a great plan coming from a difficult test. Look at the royal battles in the past, those who are not experienced will be defeated by those who are experienced. Many soldiers who died for the wrong plan. And look at the results of the evaluation, there are still a lot of mistakes that are not necessary.
When plans do
Planning should be done after the transaction has been completed. Why when it’s finished? At the moment we have finished the transaction, the trader will feel calm and able to evaluate the results of trading well. When done at the beginning of trading, it will be hasty analysis, do not mature in the plan.
For that, use the evaluation when the market is closed. To note, the busiest traders working hours rather than when the transaction was, but after the transaction is completed. At the time of being open position, the trader has to act as a supervisor planning, and hours relax is open at the start position.
Conclusion
Conduct evaluation and planning is required in trading. regardless of the evaluation, planning traders who are ready will always apply the evaluation prior to making a transaction. For traders who do not have the planning, the rush hour is at open position, while for traders who have a plan, open position is a dull period.