Not only in trading because wherever we run a plan is something that is needed.
Especially if involvement in trading and without a good plan we will not achieve the goals of the trading that is done because we do not know what to do. Trading does involve a lot of analysis because it requires the ability to see the movement of coins in the market and this method is a little more difficult to learn without discipline.
With a plan we can create a strategy because we know what to do in trading.
People say strategy is more important than a plan, but for me with a plan it will be much easier to create a strategy. Both are interconnected and need prior knowledge to achieve perfection in trading.
Yeah true, if we are dealing with anything in life, a plan is important and having a plan makes things easier to handle, it makes it a lot more profitable as well in trading. We need to make sure that we know what we are doing, and because of that we are going to make some good adjustments, it needs to be something that will take a while but it can happen.
We are going to cause a lot of trouble with what we have, and in order for us to grow further we are going to end up with some issues, it is going to be very hard.
What we need right now is to make sure that we deal with something that's going to take some time, and because of that we are going to see some changes. Of course it is not that easy to handle it all, but we can make that work somehow.
Planning ahead is what makes us from making mistakes, or more like if we make a plan and stick to that plan is what makes us from keep making mistakes. This is why we need to do a lot better planning and stick to it. If we end up with nothing and no plan, then we are just running around like a headless chicken and in that case the result will of course be a loss, nobody with zero planning could make a profit in this market, not even veteran traders.