In trading, sometimes we find a condition that makes us hesitant to take a position, especially if our analytical skills and trading experience are still not qualified, so we must make a trading plan or trading plan so that our trading becomes more focused. the following are the reasons for the importance of making a trading plan:
1. Train Discipline
By obeying the trading plan, we indirectly have trained our discipline. other than that obedient to the trading plan will also help us in knowing to what extent our trading capabilities.
2. Distinguishing between Victory and Luck
In addition to training discipline, adhering to the trading plan will also help us in knowing the factors that make us succeed in obtaining profits, whether because it is purely from our strategy and discipline or just because of luck.
3. Recognize Appropriate Trading Strategies
Sometimes the trading strategy that we have compiled is not in line with expectations, and we will find it difficult to find fault if we are not obedient to the trading plan that we have made. but if we always follow the trading plan, it will make it easier for us to analyze and find weaknesses in our strategy and immediately evaluate.
That is the importance of making and adhering to a trading plan, so that our trading becomes more focused and easy to analyze errors to fix right away.
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