Build Your Trading Plan
“Fail to plan and you plan to fail” – Those who are serious about being
successful traders should follow these words.
Writing a trading plan doesn’t guarantee an absolute success. It only helps
you stay focus and avoid costly mistakes. By documenting the process, you
learn what works and what does not, and after the market closes you can re-
evaluate your performance and easily pinpoint where you went wrong.
Each trader should write their own trading plan, including personal trading
styles and goals. Using someone else’s trading plan doesn’t mean it will work
for you too.
A trading plan is a set of guidelines and rules that defines your trading
activity. It can be quite handy when you have to make quick and wise trading
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