6 Stages of Successful Trade 6 Stages of Successful Trade | Page 3

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Trading Plan Development
Bring the trading plan into existence
Adhere to your trading principles and
guidelines
After deciding that a trade will be taken,
You will now have to reserve some time to
create a trading plan. A buy or sell order
will have to be executed when price hits a
certain level, not withstanding whether
the trade will provide you with a profit or
whether you will incur a loss.