How to Put Trading Ideas Into The Real World?

Trading ideas will appear in the trade. It is best to record these ideas in the transaction log before you forget it. The idea is one of the best “resources” of every trader. They will be your own source of knowledge. They come up when you are experiencing a problem and suddenly the idea (solution) flashes. But the idea is only raw material, like fresh meat, can not be eaten. So how to apply them to the war?

1. Categorize ideas

There are many different types of ideas. All that is new in your mind is the idea. And the first thing you need to do when you get that idea is to categorize them by category.

For example, you put all your ideas into the diary. And last week you open the window to look at the notes page ideas. From the scrawny notes, you divide them by type. Such types can be a time frame, a price model, an indicator, a strategy, a method, a system …

2. Assess the quality, feasibility of the idea

Once classified. The next thing you need to do is assess their quality. This is the most important step for me. Because the nature of the idea is the solution to the problem. If the idea does not work out, it’s best not to keep it.

The idea of ​​evaluation is not too difficult. It’s easiest to study in the trading community, if anyone has the same or similar idea, and it’s important that their ideas work. If your idea matches them, then you might consider this a good idea. If your idea is completely unheard of, you will move on to the next step.

3. Experiment the idea

You will test the idea to see if it really works. Take the demo and test your ideas. This is quite simple with ideas such as price patterns, strategies, time frames, … But with the indicator you probably need a coder to realize the idea.

4. Putting into action

After spending time experimenting with ideas and assuming that such ideas work, it is time for you to bring the war into reality. The first time you use a new idea, you should choose a risk reduction plan. Do not for the sake of new things forget about the potential risks hidden behind.

Happy Trading

— — — — — — — — — — — — — — — — — — —

WEBSITE
=> https://kriptoa.com/
TELEGRAM
=> https://t.me/KriptoA_com
FACEBOOK
=> https://www.facebook.com/KriptoA
INSTAGRAM
=> https://www.instagram.com/kriptoa_com
TWITTER
=> https://twitter.com/KriptoA_com
REDDIT
=> https://www.reddit.com/user/KriptoA_com
MEDIUM
=> https://medium.com/@KriptoA