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Have a plan and stick to it

Apr 10, 2016 at 18:42
Vistas 2,441
81 Replies
Miembro desde Mar 11, 2022   posts 18
Mar 23, 2022 at 06:17
Imo, sticking to a trading plan is more difficult than creating one. For easier trading, traders should stick to their plan. A good trading plan ensures that traders take the right approach to trading and avoid distractions.
Miembro desde Mar 17, 2022   posts 47
Mar 23, 2022 at 07:44
I am quite sure that you already know that a good trading decision will help you make money while the bad ones will cost you money. It’s best to do what you understand and can handle for a long time. With a trading plan, you will know what to do and when to do it. Moreover, you get to stay away from decisions that are a result of your emotions that eventually cost you a lot of money.
Miembro desde Nov 02, 2021   posts 73
Mar 24, 2022 at 07:07
It is extremely important for new traders to have a plan, which should include certain things, how much capital to risk, when to enter and exit a trade, where to place TP and SL, and how to keep emotions in check. While making a plan is important, sticking to it is even more important. New traders can learn how to stick to their plans in trading psychology.
Miembro desde Mar 11, 2022   posts 22
Mar 24, 2022 at 08:14
You never know how the market will move in the next moment. You can’t even control the performance of your trades. But with a trading plan, you can be prepared for all that can happen.
Miembro desde Mar 11, 2022   posts 51
Mar 25, 2022 at 05:38
For traders, making a plan is easy, but it is difficult to follow one. Breaking your own trading rules is irresistible when you begin trading. However, it should be avoided because it will not make you profitable.
Miembro desde Mar 21, 2022   posts 47
Mar 29, 2022 at 08:08
Distracting from your trading plan is probably the biggest mistake that you will ever make. The market is so lucrative that you will want to take advantage of all its moves. But your trading plan will tell you which ones are worth taking risks with and which ones you should avoid.
Miembro desde Mar 22, 2022   posts 25
Mar 31, 2022 at 07:42
Your trading plan doesn’t only show you the road in the market but also makes trading easier for you. As your trading decisions are solely based on your market analysis, you are able to manage risks and money properly.
Miembro desde Mar 23, 2022   posts 26
Apr 05, 2022 at 06:19
Trading plan provides the ability to the traders to monitor the performance and refine the approach.
Miembro desde Feb 07, 2022   posts 24
Apr 12, 2022 at 10:26
Sticking to the plan is tough but not impossible. And no matter what, in the end, we all have to follow our plan.
Miembro desde Mar 24, 2022   posts 56
Apr 15, 2022 at 05:52
Sticking to a good plan is something that can benefit new traders as well as experienced traders. However, you should be flexible and open to make any changes in your strategy so that you don’t get stuck with a strategy that does not optimise your profits. So start with a good plan and make sure that you have a plan b in case your strategy isn’t working in your favour. But be patient, and don’t jump from one strategy to another without giving it time to work.
Miembro desde Feb 20, 2021   posts 78
Apr 20, 2022 at 05:43
It is important to stick to your plan. Without a solid trading plan, you're far more likely to get caught up in the hype of the market. When you're able to get a firm grip on your goals and plan of action, it's far easier to stay focused and make realistic decisions as you're trading. If your plan has been proven to work, then you'll have a higher chance of making decisions based on your plan rather than reacting to the market.
Miembro desde Mar 28, 2021   posts 617
Apr 20, 2022 at 07:31

Of course, it’s very important to follow my trading strategy so keenly! But the problem is, which traders are trading with a low trading skill, they lose their confident so early! That’s why when they face consistent SL’s! Then, they change their game plan immediately!
HeavenLeighGill (HeavLeighGill26)
Miembro desde Aug 05, 2021   posts 401
Apr 24, 2022 at 15:08
I think having a plan, only risking a certain percentage of your account, using a SL, etc. are all extremely important for success.
Miembro desde Apr 14, 2022   posts 34
Apr 27, 2022 at 07:35
The importance of a trading plan in forex cannot be emphasised. It simply helps you in holding trading discipline, trading consistently, managing your emotions, and even improving your trading strategy.

Miembro desde Apr 14, 2022   posts 24
Apr 28, 2022 at 07:18
Yes. but it is absolutely necessary in trading to craft a plan and follow it. I follow trend trading strategies and it has worked for me so far.
Miembro desde Oct 27, 2020   posts 18
May 02, 2022 at 09:06
Imo, no matter how good your trading strategy or your risk management strategy is, if you do not have a trading plan or you don’t stick to it, you’ll eventually fail.
Miembro desde Oct 27, 2020   posts 16
May 04, 2022 at 07:25
Yes, sticking to your plan consistently is very important for trading. However, the market is very unpredictable and volatile and you cannot predict the market accurately, so you also have to be versatile and you must make changes in your plans whenever necessary.
Miembro desde Sep 02, 2022   posts 15
Sep 03, 2022 at 07:10
Having a plan is essential, but sticking to it is the most important yet attainable goal.

Miembro desde Aug 17, 2022   posts 45
Sep 05, 2022 at 11:55
When it comes to trading, it is important to stick to your plan. Before trading, always study and plan. Sticking to a plan can assist a trader in developing discipline.
Miembro desde Aug 17, 2022   posts 39
Sep 06, 2022 at 05:56
Planning a strategy is easy but sticking to it all time (in both high earnings and low earnings) is important and quite challenging too as this is one of the essential things to do wonders in your trading.

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