These questions helped me revise in my mind some of the basic concepts of stock market learned during the training.
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Hi,
A trade plan is the designing of the complete set of actions with respect to a trade like determining the buy price,sell price, the risk involved by fixing the stoploss price for a trade and the reward expected by fixing the target price.It is very essential because we wont allow any emotional factor to take place while trading as the trade plan was designed using analysis and rational thinking.