What is a trade goal?
Traders establish concrete objectives, which they call trade goals, to make their market decisions. The goal serves as your unique trading plan since traders created this tool specifically for traders to achieve focus and strategic planning with performance tracking in stock market dynamics.
Why Set a Trade Goal?
Trade goal creation helps traders achieve better clarity and focus through their trading decisions about specific profit objectives or mastery of particular strategies or risk management.
A properly established goal serves as a motivational force that makes traders disciplined while supporting their commitment through unclear circumstances.
Performance tracking becomes possible when you establish a trade goal because it provides information about your progress alongside strategic evaluation to adjust the approach accordingly.
Goal clarity lets you determine risks that properly match your trading approach and funding means.
How to Create a Trade Goal on Mr. Market NEPSE
1. Open Trade Goals Section:
Go to the left panel under the section Automation.
Clicking on Trade Goals and select Create will allow you to see the trade goal setup page.
2. Fill in the Required Fields:
Symbol: Choose from the stock symbol you would like to set a trade goal for.
Qty (Quantity): Rephrase the following sentence. Use the same language as the original sentence.
Trade: Pending trade.
Strategy: Choose one of the predefined trading strategies or bring your own custom strategy.
Account: Select your account for which the trade will be executed.
Order Type: It shows as CONT, which means the continuous order type.
3. Create the Trade Goal:
Once you have entered the required information, click the "Create" button to save and enable your trade goal.
If you wish to cancel the procedure, click "Cancel."
Why Use a Trade Goal?
- Automation: Your trades will be done on the basis of your preset criteria.
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- Risk Management: Enables in putting in place clear strategies towards risk management.
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- Efficiency: Saves time and avoids missing the trading opportunity.
Conclusion
Goal setting for trade is an important factor of discipline, focus, and good trading. Mr. Market NEPSE’s intuitive and automation platform allows you to make, monitor and attain your trade goals effortlessly. Get going now—set your trade goal, stick to your roadmap, and make confident steps to financial victory!
