Importance of trading plan!

Discussion in 'Trading' started by Garett Sim, Jan 29, 2018.

  1. aldrums

    aldrums

    It’s not a plan
     
    #11     Jan 29, 2018
  2. Overnight

    Overnight

    I tried your idea once, and learned that not planning is a bad plan. ETA to next equity-trading plan commences in 1 hour.

    You must have a plan. ;-)
     
    #12     Jan 29, 2018
  3. #13     Jan 29, 2018
  4. aldrums

    aldrums

    You don’t have to have anything. Everyone creates their own reality in the markets, and you are completely free to proceed in any way you choose. What I am saying it is better to let the market create your plan, rather than execute some b.s. plan you came up with that is not based on actual trading experience.
     
    #14     Jan 29, 2018
  5. --------------------------------------------------------------------------------------------------
    "To belittle others with less experience and hope everyone else here goes away except your elite little group of professionals is below the standards of an intelligent individual like yourself."
    A large number of ET's members are just trying to gain a little edge and wisdom from the more experienced members.
    You sir, should re-post a kind, helpful and thoughtful reply to Mr Garret Sim of London.

    "Lawrence, has success spoiled Rock Hunter?"
     
    #15     Jan 29, 2018
    aldrums likes this.
  6. Peter8519

    Peter8519

    Without a plan, there is no way of knowing your current state. Without a current state, it's hard to move forward.
     
    #16     Jan 29, 2018
  7. simbaFX

    simbaFX

    By the time youve figured out what needs to be in an effective plan, you wont need a plan. As for the various training plan templates out there, ask yourself who created them, and whose interest they serve....
     
    #17     Jan 30, 2018
  8. Importance of trading plan!

    Chefs have recipes, builders have blueprints, drivers have maps, and traders have plans.
    Now ain't that a brilliant observation!:D
     
    #18     Jan 30, 2018
    Stocktracker likes this.