It is very important to stick to your trading plans as this help keep your psychology in check. Especially when the trades are not going the way you expected it would. Your plans can help you avoid adding to loosing positions and also keep your mind in check when you are in a winning position to avoid too much excitement especially when your wins are big and exceeding your expectations.

Trading plans when flaunted comes with great consequences, some  of which can be rewarding and some devastating. Which ever consequences we happen to experience sticking to your trading plans still stands out as every parameters needed for your trade is usually met before entry and exit on every trade placed. This makes your trade more reasonable and giving you room for a better incorporation of your risk management. Personally I think with out a trade plan risk management may not be in place aswell hence exposing you to too many risk which may end up in accumulated losses and a messed psychology