What would you say the difference is between a
- Trading Plan
- Trading Strategy
- Trading System
The difference between Plan and the others is more obvious but I’m curious to know what you think!
What would you say the difference is between a
Care to share what you think the differences are?
Trading Plan can contain your long term and short term goals as well as your trading strategy and your trading system.
Plan: Can contain reasons for trading, goals for trading, include books to read courses to take, capital requirements, timelines for reaching trading goals and methods for reaching trading goals. Plus anything else you may deem necessary for success.
Strategy: How you are going to trade. Entry exit take profit stop loss, timeframe etc.
System: Wyckoff method, Gann method Price action method, day trade position trade, swing trade.
Cheers
Blackduck
Nice one!
Thanks for your comment
Will post my take here eventually Pippo!
No need, I think blackduck has said all that needs to be said. But thanks for playing.
Thanks I am humbled.
Happy Trading
Blackduck
That’s a good explanation. Thanks!