I've lost count the amount of times "having a trading plan" has either been written about in this trading tips blog, or mentioned in a trading article. The reason you are inundated with "have a trading plan" by us is because it is something that if you don't trade with, you are not going to maximize your potential in trading. Even with all the writings, there are still some traders who either: - Don't think they need one
- Don't know how to make one
- Have one but don't follow it
Number three is easy to solve – just follow it! Number one is someone thinking they will have success in trading without one. The short answer is – no, you will not. I want to "bare bones" the second point and talk about how simple it is to set up a trading plan so there is no excuse as to why you don't have one... |
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