Sunday, February 28, 2016

Trading Plan - Key Point


Your PLAN must include profit scenarios as well as losing scenarios.

After completing your PLAN, ask yourself if you believe it and can trust it WITHOUT interfering mid - plan. Be honest with yourself. If you can't, change your PLAN. Keep changing it until you accept, believe and trust it without interfering.

YOU are controlling the trade NOT your emotions. Stay cool, calm and collected.

Only trade ONE TIME FRAME. Do not enter on one time frame and exit on another.

Have the PATIENCE to stick with and see out your PLAN

Have the DISCIPLINE to NOT INTERFERE, AT ANY POINT, with your PLAN

Finally, don't go back on this trade and think about how much you could have made if you had stayed in. FORGET IT, this trade is DEAD & BURIED! Move on to the next opportunity.

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