Strategy and tactics
Strategy and tactics are important to success in this game.
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
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.
Source: http://stockbee.blogspot.com/2019/09/strategy-and-tactics.html
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