write a strong essay on any topic

Writing a college essay is easy when you know what to write about and how to present it. There are a few things to remember while writing this essay to help you avoid common mistakes.


Trading Strategy

A trading strategy is a plan that helps traders to achieve profits in the markets. The term is mainly used during an automated trading. It means that traders can use specific and sophisticated computers to assist them in marketing. Trading formulas and execution systems are used. The strategy can also be used in discretionary trading where it is executed by the trader without computer assistance. The trader has to research on the plan because it will determine how much returns they can get in the end. They must further define the assets and money engagement rules. Deviating from a specific strategy or lack of discipline while implementing it will result to reduced performance. Nonetheless, regardless of how the strategy is used, one must be wise and make various considerations when choosing it.

Considering the Market Trends, Risk Management, and Time of Entry

To start with, one must consider the market condition. Factors such as trends, range, and breakout should be considered. Since every market has its own tone, the trader must decide the market condition they are building their strategy for. They must also decide the specific period in which they must build it. Particular attention should be paid on the holding times. Secondly, the trader must come up with a way of entering trade. One must consider the support and the resistance in the market before implementing the strategy. Grading price strength is important in this case. Thirdly, risk management is considered as the most important part of trading. One must understand that, though they are likely to win more than losing, they must consider the amount of gains. The gains must always be more than the losses for them to avoid failures in the market. More so, the strategy should yield the same or better results every time it is used.

Trading Strategy, Personality, and Patience

Fourthly, it is wise to remember that the trading strategy that works for one trader may not work for others. The personality of the trader matters a lot in trading. One must assess their strengths and weaknesses and hence choose the strategy that yields good returns in the end. Further, patience is paramount in trading. As the prices moves up and down, one should be patient to that they can make the right move at the most appropriate time. Still, the strategy chosen should not be changed frequently as it will only lead to failure. Ultimately, when choosing a trading strategy, one must be able to consider the current trends and capitalize on the kind that offers maximum gains in trading.