Re: WHY DO WE NEED A TRADING PLAN ?

Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion. Wink

Yeah dude trading plan is most essential for our success in trdaing. If we can make a good strategy for short or long term trade then we will get much profits without losses.

maybe trading one of key success in our trading result.in this plan, we write some important information about why how about our trading.so this is why we really need it.

of course the plan will determine your win, in price market can drift and drop at any time. and if you don't make a plan such as how much profit you have to take and how much loss you can receive, so when you analyze it you won't be confused what you will do afterwards..

Lol. I chuckled a little with a plan removing losses. You can't remove having losses from the equation since you will lose money one way or another. Having a plan makes you flexible on what to do if that happens. In the course of making plans you'll become more aware of what you're getting yourself into and that is already beneficial.