4 P’s in Trading by #AnirudhSethi

The “4 P’s” in trading refer to the four key factors that traders should consider when making a trade:

  1. Purpose: What is the goal or objective of the trade? What are you trying to achieve?
  2. Plan: What is your strategy for entering and exiting the trade? What criteria will you use to make decisions?
  3. Position: What is the size and risk profile of your trade? How much capital are you willing to allocate to this trade?
  4. Process: What is your approach to managing the trade? How will you monitor and adjust the trade if necessary?

By considering these four factors, traders can make more informed and structured decisions in the market, which can help to improve their overall performance and increase their chances of success.

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