Post
Topic
Board Trading Discussion
Re: WHY DO WE NEED A TRADING PLAN ?
by
royaleFlag
on 24/11/2018, 06:14:29 UTC
Trading plan is basically your strategy. In every plan, back plans for unexpected incidents should also be considered such as contingency plan. Taking note of the market distinct characteristics such as unpredictability and volatility. No fixed strategy for daily trading, it is always "it depends on the situation".
This is attribute of a good planner that you must adjust ins and outs as well. He doesn’t only consider happy scenarios, rather the don’ts is optimized and well planned beforehand.