Strategy and tactics

Strategy and tactics are important to success in this game. 

Absent a specific strategy your efforts are not focused and you may not make much progress. Once strategic direction is selected you can select setups to meet your strategy.

Do you have specific strategies in your trading. Is your trading organised around it. Are you making daily progress in achieving your strategic goal. Are you selecting and developing setups that allow you to meet your strategic objective. 

What are those strategies. What tactics you need to make them work. What tactics do you use to achieve your strategic goal. Do you have tactical flexibility and tools to 

As a result of those selected strategies your setups and emphasis on setup follows.
Create a strategy first

Let your trading flow from that strategy.



Strategies Examples

Make money with lowest risk possible

2.5% or less risk if possible

All weather trading (no dependence on market timing and sitting out)

Reduce time spent on trading



Strategy for full time trader will be different from part time traders. But unless you are crystal clear you will spend lot of years going no where.