Trade Bitcoin Trading

Bitcoin Plan Sample

The bitcoin plan is the logical approach to bitcoin trading which controls all aspects of the trading.

If you trade bitcoin, you need a btcusd plan template if you want to become a consistent winner and to be able to make bitcoin trading decisions fast & accurately.

Each bitcoin plan template will have its own bitcoin rules that have been set sets describing entry and exit signals. The bitcoin rules set for each bitcoin system are converted into simple to follow instructions or a bitcoin checklist template that the BTCUSD trader can easily follow.

This bitcoin checklist template will direct the whole trading process of trading - controlling the timing of the trade entries & exits ( bitcoin system), the value of the opened cryptocurrency trades in relation to the bitcoin account equity balance ( bitcoin money management system) and the emotional state of the trader (emotion management system). Resultant trade details & particulars should be recorded in the journal bitcoin trading log and later studied for the ideas on how to improve each of the bitcoin systems.

is often compared to a business. If trading is business then the bitcoin plan is your business plan which should be formulated before you begin trading with the real money. Better you prepare this bitcoin plan - bitcoin checklist template, the more success you as a bitcoin trader can expect to achieve in real crypto currency trading.

Bitcoin Plan Template

To write a good bitcoin plan, you'll need a good bitcoin plan template that as a trader you as a bitcoin trader can use to create your own bitcoin plan. But before you download the bitcoin plan, here is an explanation of the various bitcoin plan bitcoin checklist sections that your bitcoin plan requires to have.

JUSTIFICATION

This part of your bitcoin plan will write why you require a bitcoin plan, one of the reason is that bitcoin trading is a business.

Bitcoin TRADING SYSTEM

This is the bitcoin plan part where you include your cryptocurrency system. In this section you will write the bitcoin indicators to trade with, then you'll write the bitcoin system rules that you will generate the bitcoin signals with.

For more tutorials about bitcoin systems

BTCUSD CryptoCurrency Systems

How to design Bitcoin Systems Trading Strategies

How to Write Bitcoin System Rules

Generating Signals

Tips for BTCUSD Crypto Systems Trading Strategies

BTC/USD Crypto Trade Journals.

TIMEFRAME

This is where you specify which is the main chart time-frame that you will be trading with.

TRADE ROUTINE

This is the part as a trader that you've to specify the time when you will be trading the btcusd market and when you generate cryptocurrency signals and how these bitcoin signals should be generated. For examples:

  1. Signals are generated using 1H bitcoin chart timeframe.
  2. Trading Signals to be executed immediately the rules are met
  3. Entry trading signals should be executed during the day-time.

TIME OF THE DAY TO WATCH THE MARKET

Watch market during daytime & trade only during the best bitcoin hours

MONEY MANAGEMENT

This is the part where as a trader you'll specify the bitcoin money management rules that you will follow, for examples:

  • Intraday trading -Low risk High return technique
  • Trade when I have a high risk reward ratio 3:1 or more
  • Stoploss = Parabolic SAR
  • Set TP target 100 Bitcoin Pips
  • Never trade beyond 3 % of bitcoin account balance
  • Never risk more than 2% on one bitcoin trade

To learn and know more about bitcoin money management

MINDSET/PSYCHOLOGY

This is the part you specify about your bitcoin psychology rules

  • Trade without Emotions (greediness, fear, anticipation, impulse, bias, overexcitement)
  • I trade what I see on the trading charts & not what I--feelI--am--feelingMy--feelings--are--telling--me.
  • I'll be patient.

My job description is not to be the bitcoin system!

It is not to decide which trades looks promising & which one doesn't.

Bitcoin Psychology Rules & Guides:

WEAKNESS

By writing down your weaknesses you'll begin and start recognizing them as you trade, once you do this you will begin and start to avoid this mistakes & your trading will improve.

For Example

  1. I am greedy.
  2. I over-trade
  3. Make a listing of all your weak-nesses which are interfering with your trading. This is the first step to help you as a trader to overcome the weak-nesses. Use trading psychology to help you as a trader overcome them.

GOALS

Write the goals that you want to achieve with your bitcoin plan

·To focus on the exit just as much as I do on the entry.

·Always protect my account using stoploss order, bitcoin money management techniques, trading with the bitcoin trend & always following the trading rules of my bitcoin system and plan.

·Never second guess or go against my cryptocurrency system.

FOLLOW THIS SYSTEM

This is the most important part of creating the system.

·Always follow the trade rules

·Stick with the trading rules

·Be disciplined and patient enough

JOURNAL

Log all my trade positions in a journal so as to track my progress. Write your Bitcoin Trades on a bitcoin journal to track progress of your trading.

How to Write a Bitcoin Trade Journal

Get More Lessons and Guides:

Forex Seminar Gala

Forex Seminar

Bitcoin Broker