What is Trading Plan?

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Successful  traders have rock solid discipline. They plan every one of their trades, then they simply trade their plans.

It may be tempting to trade by the seat of your pants, but if you don’t develop clearing defined trading plan to follow, and follow them consistently, you’ll have difficulty making consistent money as a trader.

Making an occasional winning trade, even when you threw your trading plan out the window, may provide short-term pleasure, but shooting from the hip can adversely influence your ability to maintain discipline in the long term.

So plan accordingly start trade with patience and knowledge.