Do you believe in using a Trading Plan?

nahiyar

Private, 1st Class
Messages
753
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

Corporal
Messages
74
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

Recruit
Messages
6
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.
 

kingsman

Corporal
Messages
181
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.
 
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