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Have a plan and stick to it
Mar 29, 2022 at 08:08
Miembro desde Mar 21, 2022
posts 47
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.
Apr 15, 2022 at 05:52
Miembro desde Mar 24, 2022
posts 56
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.
Apr 20, 2022 at 05:43
Miembro desde Feb 20, 2021
posts 78
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.
Apr 20, 2022 at 07:31
Miembro desde Mar 28, 2021
posts 617
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!
Miembro desde Aug 05, 2021
posts 401
Miembro desde Apr 14, 2022
posts 34
Miembro desde Oct 27, 2020
posts 18
Miembro desde Oct 27, 2020
posts 16
May 04, 2022 at 07:25
Miembro desde Oct 27, 2020
posts 16
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 Aug 17, 2022
posts 39
Sep 23, 2022 at 11:58
Miembro desde Sep 21, 2022
posts 11
Snorkel posted:
I think sticking to your plan is important but you should also be flexible enough to make some changes to your plan as and when needed. Because the forex market is ever changing and we must plan our moves based on the market condition. If things are not going as per our plan we should be well prepared with a backup plan to deal with the situation.
Well said! A trader needs to be flexible to change their plan as per the market conditions. So I always keep a backup plan as well.
Sep 26, 2022 at 09:55
Miembro desde Sep 02, 2022
posts 75
Yes, satisfaction of work is important but this satisfaction comes when a trader can derive good amount of profit from the market. But you have make sure one thing that you are satisfied with the amount you are earning. Otherwise, you won’t find satisfaction even if you earn millions of dollar.
Miembro desde Sep 21, 2022
posts 6
Sep 27, 2022 at 06:00
Miembro desde Sep 21, 2022
posts 6
Whether you are learning or trading, you can’t achieve your goals without a plan. Therefore, before taking risks, plan everything. A good planner knows when to enter a trade and exit a trader. This comes with practice. Hence, do not avoid demo trading.
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