What is Trade Plan? Why it is essential

[Mohammed Arshath Ali]

Trade plan is the analysis of trend of a stock and identifying the risk and reward ratio.

It is essential for a trader to do trade planning before creating any strategy in a stock.

[VaibhaV SeshananD]

A trade plan is the deciding of what to do during trading in advance

[FRANKLIN]

Trade plan is analysing the stock, point of entry, point of exit, stop loss etc.

Entering market without trade plan is like gambling.

[Gogaya]

Planning is essential for all major activity to estimate the Risk.  As we are treating this as business pre planning is required using Technical analysis.  Analysis characteristics will vary depends on the type of Trade which we planned eg, long, short or Intraday.

[sanmugasekar s k]

Trade plan is the decision to buy or sell stocks at a particular time of the day.  This can be done at various stages of fluctuations of the price.  A good trade plan has to ensure that during any buying or selling, profit has to be ensured.

[Author]

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