Trading setup, plan, strategy, system? What's the Difference?

[ponponwei]

I asked the same question!

Here’s the link to thread you might find it helpful!

Trading Strategy vs. Plan vs. System vs. Idea

I’ve already seen other threads on this but not very many actual examples. So from my understanding, the order of these 4 are as follows: Trading Strategy >> Trading Plan >> Trading System/Idea So I’m thinking the strategy is your overarching method for trading, your plan is your tactic for enacting the strategy and the system/idea will be the specific plan/rules for that particular trade. For example! The strategy is something like what @tommor wrote in another thread - to trade/hop in uptr…