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Re: What is a Trading Plan?

... so trades never run against you on the higher time frame? As Cladi says, you need to know your gains outweigh your loses, positive expectancy as shown through collected stats, if your repeatable plan has this then it's it is validated. Having no plan means continual change (going round in circl...

Re: What is a Trading Plan?

well it's A plan but if it doesn't actually work and is not profitable in any way then it's rather pointless and a waste of time, so perhaps spend some time instead constructing a better plan. Thanks for your suggestion. I think I always can't success is due to I'm trade on smaller time frame alway...

Re: What is a Trading Plan?

Maybe not having one is the problem. Simply put it's a set of repeatable rules that determine trade size, entry and exit. And has been tested over x number of trades and found to have a positive expectancy. A plan backed by statistics becomes a 'profitable strategy'. Without a plan you're relying o...

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