Re: WHY DO WE NEED A TRADING PLAN ?

You will not go to war without any plans on how to win unless you wan to suicide. Same as in trading when you should always have plans on every action or decision youve made. With this you can increase the probability of making the right desicions because you even have a plan B for failing.

well, in this matter of course we need a plan to avoid big losses. besides, without a plan, we can get a big loss. some people don't know what they should do when prices become unstable. it certainly makes them a loss.

Right. Of course we should always have a trading plan as this will be a great aid to attain success in the end and minimize losses. Especially that the market is very much volatile so having a trading plan can be very helpful to resort into good alternatives when sudden fluctuations happen while you are trading.

Trading plan is extremely important if you want to be a successful trader. If you go without plan, you will surely be stuck in trades or be in a loss. The market these days is not very good and it requires a lot of planing if you want to make successful trades.

Not certainly; there are some scenarios which you wouldn't be able to plan. These scenarios usually knock only once and happen in very short time; it can be considered as jockpot for a trader. A plan is just a guide, thus it won't decide your winnings.