Key elements of a trading strategy

Your trading strategy should contain several mandatory elements, which we will consider in more detail in the next part of the book.

Login strategy. This is a set of rules by which you enter a transaction (open a transaction or buy some kind of asset  from cryptocurrencies to stocks).

Exit strategy. A set of rules by which you exit the transaction sell a previously purchased asset or make a reverse exchange of one currency to another.

Stop Loss. Placing an order to limit losses. Must be in any strategy. By setting this order, you can be sure that you will not lose more than a certain amount.

Take Profit. An optional part of the strategy is an order that says that a deal can be closed when a certain profit is reached. Take profit orders are visible in a glass of prices.