If you fail to plan, you plan to fail. As traders, every single position we take must be planned out in it’s entirety. But unfortunately, too many traders just ‘wing-it’. Those that come to the markets without a crystal-clear plan usually end up making a sizeable deposit to the market in the form of a loss. Jumping from trade to trade, looking for the ‘next big move’ is a…
fast track to a blown account. Before each trading session, set a detailed plan of attack. If this, then that. Know what you’re getting into before putting on a position. If your premarket trading plan hasn’t unfolded as expected, wait. It’s that simple.Patience will always pay you if you’re smart about it.
