Ogee wrote: Thu Sep 02, 2021 1:28 am 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 on guess work and emotions hinged on lagging indicators and that doesn't tend to work out well at all. In fact it's guaranteed to fail.

Someone else's plan will be no good to you, a plan needs to be personal to suit your preferred markets, time frames, market cycles, etc.

kmb wrote: Thu Oct 21, 2021 12:59 am My daily Trading Plan is how much I'm going to lose today... ha ha

sebking1986 wrote: Thu Oct 21, 2021 12:24 am I would suggest you re-read this answer a few times.

A plan is paramount to get anywhere in trading but it is personal to you, your style, time contraints etc. Draw on others but create your own.