New Article--What is Your Trading Plan?

Discussion in 'Psychology' started by Andrea Wylan, Aug 27, 2020.

  1. volpri

    volpri

    Roflmao
     
    #31     Aug 29, 2020
  2. Dazz

    Dazz

    what you have to offer Silvercoin .... for a price of course.
     
    #32     Aug 29, 2020
  3. volpri

    volpri

    Maybe he sells silver?
     
    #33     Aug 29, 2020
  4. Watch:
     
    #34     Aug 30, 2020
  5. And it's not just psychology. It's way deeper than that. Once you have truly mastered trading, it's all subconscious...

    My alarm tune, below ;)

    @Nobert

     
    #35     Aug 30, 2020
  6. Good Morning Volpri,

    Thank you 100 times in one minute for the detail writing.

    You are correct and this is why I study price action training to be able to wake up and trade any given market condition at any given time. It does take time and persistence.

    Your writing in red is correct.

    There is no written plan to trade the markets daily. Only entry and exit techniques.
     
    #36     Aug 31, 2020
    volpri likes this.
  7. deaddog

    deaddog

    Entry and exits are only part of the plan.

    What do you do if you lose power, your computer crashes, or your broker goes off line?

    How do you determine your position size?

    When do you stop trading?

    How do you determine who is responsible when you are losing.

    Fail to plan; plan to fail.
     
    #37     Aug 31, 2020
    SimpleMeLike likes this.
  8. deaddog,

    See response is red above

    These are all pretty easy questions. Learning the skill to trade from the right resource and educator is far more challenging.
     
    #38     Aug 31, 2020
  9. deaddog

    deaddog

    I'm sorry but I'm colour blind. I can't see red.
    But I see the answers. Almost like having a written plan.

    I would guess most educators will suggest you have a written plan. You are more likely to do something you have written down. Although most of the time the problem is the trader, not the plan.
     
    Last edited: Aug 31, 2020
    #39     Aug 31, 2020