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This is a chart of a stock. The bottom line is the price of the stock on the day the chart was made. The top line is the price of the stock on the day the article was written.

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Question: Make me a trading plan or strategy

Asked by firdaus

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1. Set a trading goal: The first step in creating a trading plan or strategy is to set a trading goal. This could be short-term (such as making a certain amount of money within a month) or long-term (such as increasing your net worth over the next five years). 2. Choose an investment vehicle: After setting a trading goal, decide which type of investments are best suited to help you achieve your goal. This could include stocks, currencies, commodities, or a combination of all three. 3. Develop a trading system: Create a trading system that will guide you when entering and exiting trades. This system should include risk management rules, entry and exit criteria, position sizing methods, and trading strategies. 4. Establish a trading routine: Create a daily routine for trading. This could include researching markets, reviewing your trading system, setting limit orders, and assessing open positions. 5. Monitor results: Monitor the success or failure of your trading plan or strategy by keeping a trading journal and reviewing your results at the end of each month. 6. Adjust plan or strategy as needed: Be willing to adjust your plan or strategy over time if it is not working as intended. You can also consider adding new investments or strategies if necessary.

Answered by text-davinci-003

Feb. 16, 2023, 6:34 a.m.

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Published: Thursday, February 16, 2023