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Been there - done that
New traders spend a lot of time researching, reading articles, books & searching the forums looking for the best trade entry, with little or no effort in structuring an exit plan or a trading plan in general. Finding entry conditions as I said previously is a dime-a-dozen exercise. Whether the entry is based on trend breakouts or pullbacks within a trend or trend continuations it doesn't matter. There are multitudes of reasons to enter a trade, knowing when to get out is the "most" important.

Entries & Exits
Talking about just two parts of the strategy without even raising the idea of money management, position sizing or risk management is not doing justice to a system.

Confidence
A trading strategy that times the "entry & exit" with good money management, position sizing & risk management than you have a strategy you can trade within your trading plan.

Time & Skill
Trading "mechanically" solves both issues that beginners face. If you have a good strategy, (in your opinion) you'll trade it with confidence the main ingredient in this game.

Skate.

<blockquote data-quote="Skate" data-source="post: 1114522" data-attributes="member: 57364">Been there - done thatNew traders spend a lot of time researching, reading articles, books &amp; searching the forums looking for the best trade entry, with little or no effort in structuring an exit plan or a trading plan in general. Finding entry conditions as I said previously is a dime-a-dozen exercise. Whether the entry is based on trend breakouts or pullbacks within a trend or trend continuations it doesn&#039;t matter. There are multitudes of reasons to enter a trade, knowing when to get out is the &quot;most&quot; important. Entries &amp; ExitsTalking about just two parts of the strategy without even raising the idea of money management, position sizing or risk management is not doing justice to a system. ConfidenceA trading strategy that times the &quot;entry &amp; exit&quot; with good money management, position sizing &amp; risk management than you have a strategy you can trade within your trading plan. Time &amp; SkillTrading &quot;mechanically&quot; solves both issues that beginners face. If you have a good strategy, (in your opinion) you&#039;ll trade it with confidence the main ingredient in this game.&nbsp; Skate.</blockquote>

[QUOTE="Skate, post: 1114522, member: 57364"] [B]Been there - done that[/B] New traders spend a lot of time researching, reading articles, books & searching the forums looking for the best trade entry, with little or no effort in structuring an exit plan or a trading plan in general. Finding entry conditions as I said previously is a dime-a-dozen exercise. Whether the entry is based on trend breakouts or pullbacks within a trend or trend continuations it doesn't matter. There are multitudes of reasons to enter a trade, knowing when to get out is the "most" important. [B]Entries & Exits[/B] Talking about just two parts of the strategy without even raising the idea of money management, position sizing or risk management is not doing justice to a system. [B]Confidence[/B] A trading strategy that times the "entry & exit" with good money management, position sizing & risk management than you have a strategy you can trade within your trading plan. [B]Time & Skill[/B] Trading "mechanically" solves both issues that beginners face. If you have a good strategy, (in your opinion) you'll trade it with confidence the main ingredient in this game. Skate. [/QUOTE]

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