Plan Your Trades And Execute The Proven Plan
One of the biggest problems a trader faces is bridging the gap between trade planning and execution.
How many times do we hear a trader asked if they did what they said they were going to do? How many times is the answer “No”?
Getting from a strategy looking good on paper to real-world trading performance is what it’s really all about.
Without question, all the planning in the world will not do you any good if you can't execute and reap the benefits of your work.
Some Emotions Are Reasonable
The first idea that many people will consider is that it must be a psychological issue since trading psychology is often talked about as a cog in the wheel of trading success.
But there’s a big difference between psychological problems that come out during trading and natural emotional responses caused certain types of situation.
Yes, different individuals might have varying degrees of tolerance, but frustration after a series of losses for example is a reasonable emotion to experience.
Since wins and losses come in a random distribution, it is not unreasonable to sit through a series of losing trades even if you did everything according to plan.
So if it’s not about some kind of psychological malfunction that requires some rewiring, then what is it?
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TRADING PLANS, trade plans, back testing, trading system
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