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Thread: Consistency for your trading plan

  1. #241
    Trader Sascha's Avatar
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    Quote Originally Posted by naeem555 View Post
    plans will tell us what to do and how to do actually because if we have good plans if we know about market we can really make some sensible and good orders, so never trade without proper learning, if we do not have proper experience we can lose, if we do not have proper learning steps we can not survive for long, so any way can be better if we learn it fully, so learn first then think about earning
    we're the one who creates our trading plan and we must obey every rules we're making there. when something happens against our plan, we just need to stay patience and find the solution by creating more plans. among our whole plannings, there should be few that could be triggered to market and then we can use it for our trading. whatever the outcome is, we must accept it.

  2. #242
    All plans here have been so helpful and have given traders the chance to see that the best result is actually made. Plan is needed here and this should go as we have always projected for it. We must stay consistent with better planning because this brings forth the opportunity for us to keep working out on having a good trade as we get more experience. Good plan will give us better detail on the means to earn and see we can have real platform for good trade.

  3. #243
    Trader Senorita's Avatar
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    What gives us the ability to survive is having a good plan that would bring about a better winning trade in forex. If we can follow the very right plan we make about this trade, we can be able to earn something good that would guide us on making a good trade. A plan is of important and with this we will likely understand what can work out for us here. I do my best to plan on how to manage this trade and for me it's have always helped me to do the right thing consistently.

  4. #244
    Trader
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    If you don't have a plan, then you have indirectly plan to fail. Good plans are what helps us to know what is likely to be done and give us ideas on how to make sure the target is been actualized. In this business there is lots of opportunity to make a good trade and if we can have good means to plan on this business, we will be able to succeed perfectly. A plan should be followed and this is what can give us the chance to realize that profits would be made which is so important.

  5. #245
    i use just one strategy to trade the market and it works for me very well because i have practiced the strategy and can hardly lose money trading with the strategy unless i am emotional.that is why its good to stick to one strategy no matter how many times you fail,practice makes a trainer perfect which is the message bruce lee is trying to pass to we the traders.

  6. #246
    Quote Originally Posted by Tonycee View Post
    If you don't have a plan, then you have indirectly plan to fail.
    Sadly that's what some traders fails to understand in this business. They don't make the right plans for themselves that's why it's easy for them to loose their capital in a little time. Good plans are for the best here and what should be done is that we must deal with risk and have a measure to as well make good profits. Your plan have to be followed and its likely the best way to deal with risk and see that the best trading is made. I keep ensuring that I plan well and try to assure myself that my plans can help me deal with loss.

  7. #247
    Quote Originally Posted by Sixteen View Post
    Sadly that's what some traders fails to understand in this business. They don't make the right plans for themselves that's why it's easy for them to loose their capital in a little time. Good plans are for the best here and what should be done is that we must deal with risk and have a measure to as well make good profits. Your plan have to be followed and its likely the best way to deal with risk and see that the best trading is made. I keep ensuring that I plan well and try to assure myself that my plans can help me deal with loss.
    It takes just more than a plan for a trader to become profitable. First of all the trader ought to comprehend the market then have a trading strategy which they are making use of. A trading plan comes to play when the trader already comprehend the market, has a good trading strategy, a good money and risk management before the plan comes to work.

  8. #248
    Today, a trader must try to craft or formulate proper trading plan which will allow him certain positive way of conducting trading activities. Trading plan is the action module which can guide a foreign currency exchange trader to perform all of the necessary activities in systematic ways. But when it is the query of crafting a trading plan a trader must be certain that his planning is well adapted according to his trading needs.

  9. #249
    The role of consistency in trading in huge, but many traders, especially newbies, quite often undervalue it. In fact, each trader shall try to become consistently profitable first and only then think about sizing. Professionals even use the definition "CPT" standing for Consistently Profitable Trader, a person who can generate profit for relatively long period of time without substantial drawdowns or huge losses. Of course, it is difficult to be consistent withing several months or even weeks, but it should be a goal for each trader dreaming about trading success. That is why it is better to have numerous small winning trades rather than huge winning trades that occur from time to time. Of course, it is important to act in accordance with the strategy rules and not just close all winning trades as soon as they become green, because such approach could impact risk-reward ratio, so it will be enough to have one losing trade to lose all profits from previous successful trades.
    The first step on the path to consistency is a trading plan. Properly developed trading plan would help trader to deal with different situations that may take place at the market and make right trading decisions to improve trading performance in general.

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