Do you believe in using a Trading Plan?

[JamesForexSlayer]

50% win rate
2/1 risk to reward
Retire

 

[nahiyar]

You know - trading is so much unpredictable so no I am not using any plan at all and I do not get the people who do use it. Something may change and whole your plan totally will be out of touch anyway. What you will do then ? So do I, don't do it.

It is right you have to change your plan when market is change but a planned trader can manage this thing because he knows the importance of disciplined trading. Actually a trader should be quite curious all about trading details he should do what is essential at this time. If he is planned he will see every detail ina way where he can successfully change and act upon any plan.

 

[walpants]

Hello FPAins,

What do you think about Trading Plan, Do you stick with your plan, How its goes everytime?

for me its very important, mine isnt perfected yet and still needs a lot of work but i need strict rules to keep me focused

 

[KatySalcido]

I don't have a particular trading plan. I just attempt to apply Price Action patterns that I've learned whenever I can. Doesn't always work, of course, but it's been alright so far.

 

[JamesForexSlayer]

I don't have a particular trading plan. I just attempt to apply Price Action patterns that I've learned whenever I can. Doesn't always work, of course, but it's been alright so far.

How long have you been doing this?

 

[KatySalcido]

How long have you been doing this?

With real money? Around a month. I'm trading on H4 timeframe on EUR/USD mostly, which is as vanilla as you can get. As of right now, I am 8% in the green. Could do better but I bailed during the last week's turmoil.

 

[kingsman]

With real money? Around a month. I'm trading on H4 timeframe on EUR/USD mostly, which is as vanilla as you can get. As of right now, I am 8% in the green. Could do better but I bailed during the last week's turmoil.

8% is good enough for a syart and you should focus on sustainability not going for more profit. You can increase your lot size and the profit will ultimately go up. Remember to focus on pips not money.

 

[JamesForexSlayer]

With real money? Around a month. I'm trading on H4 timeframe on EUR/USD mostly, which is as vanilla as you can get. As of right now, I am 8% in the green. Could do better but I bailed during the last week's turmoil.

That is a great start.

 

[MikeMike]

Trading plan is a must, imo.

If you fail to plan, you plan to fail.

 

[JamesForexSlayer]

Trading plan is a must, imo.

If you fail to plan, you plan to fail.

For sure