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.
The strategy is something like what @tommor wrote in another thread - to trade/hop in uptrends. Ok so what’s the trading plan, maybe to use channels or moving averages to confirm the trend. The system / idea can be if there’s a crossover or once a channel is identified.
Did I get it right?
Cause what if someone says “I use the ichimoku for trading” – would that be a strategy or plan?? Or am I being just caught up in semantics?