No Plan, No Trade

This is a discussion on No Plan, No Trade within the Psychology, Risk & Money Management forums, part of the Methods category; I really couldn't agree more. Just sitting down and opening a trade without a plan in your head leads to ...

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Old Dec 23, 2015, 9:55am   #16
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I really couldn't agree more. Just sitting down and opening a trade without a plan in your head leads to disaster. I've witnessed it, I may have done it as a total newbie too. Having a plan is essential when you're a trader. That said, for all of one's plans it's also necessary to learn to be adaptable.
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Old Mar 14, 2017, 8:52pm   #17
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Hello,
There was a saying I have found in forums: 'Plan your trades and trade your plan'
Simply like that
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Old Apr 14, 2017, 8:04pm   #18
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There is no psychology in this plan .You can not be successful without the effective command centre in the brain .


“80 percent of success is due to psychology—mindset, beliefs, and emotions—and only 20 percent is due to strategy—the specific steps needed to accomplish a result”

https://www.google.co.uk/webhp?sourc...+20+psychology

http://www.trade2win.com/boards/psyc...sychology.html
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Old Apr 14, 2017, 8:11pm   #19
 
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Quit saying 80% of trading success is emotional fortitude, it is not.

You can be the strongest minded MF on Earth, but won't help one bit trading a losing strategy which are MOST STRATEGIES.

Many strong minded MF's are DEAD, because of their obstinacy.

Winning strategies are very few and far between. A losing strategy/method will still lose despite your strong mind in the face of adversity.

Winning methods don't need a strong mind. The weakest minds will win, despite the mind weakness.

Winning methods are objective based strategy, not easy to find, and doesn't give two sh^ts about what kind of mind is exploiting it. :/
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Old Apr 14, 2017, 8:28pm   #20
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Originally Posted by piphoe View Post
Quit saying 80% of trading success is emotional fortitude, it is not.


Winning methods don't need a strong mind. The weakest minds will win, despite the mind weakness.

Winning methods are objective based strategy, not easy to find, and doesn't give two sh^ts about what kind of mind is exploiting it. :/
Like this method ,devised by a trading shrink?

http://www.trade2win.com/boards/indi...ml#post2892960

As regards most t/a based methods and market timing clowns , 80% is still psychology
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Old Apr 14, 2017, 8:30pm   #21
 
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Quote:
Originally Posted by piphoe View Post
Quit saying 80% of trading success is emotional fortitude, it is not.

You can be the strongest minded MF on Earth, but won't help one bit trading a losing strategy which are MOST STRATEGIES.

Many strong minded MF's are DEAD, because of their obstinacy.

Winning strategies are very few and far between. A losing strategy/method will still lose despite your strong mind in the face of adversity.

Winning methods don't need a strong mind. The weakest minds will win, despite the mind weakness.

Winning methods are objective based strategy, not easy to find, and doesn't give two sh^ts about what kind of mind is exploiting it. :/
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Old Apr 14, 2017, 8:39pm   #22
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Old Apr 14, 2017, 8:41pm   #23
 
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Old Apr 14, 2017, 8:42pm   #24
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Originally Posted by piphoe View Post
Quit saying 80% of trading success is emotional fortitude, it is not.

Many strong minded MF's are DEAD, because of their obstinacy.

Winning strategies are very few and far between. A losing strategy/method will still lose despite your strong mind in the face of adversity.

. :/
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Old Apr 14, 2017, 8:46pm   #25
 
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The markets care about your mindset, ya whatever. Carryon wayworrd fools

and after every field goal make sure you do one of those pointing to the heavens gestures ..thx big guy
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Old Apr 14, 2017, 10:20pm   #26
 
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The markets care about your mindset, ya whatever. Carryon wayworrd fools

and after every field goal make sure you do one of those pointing to the heavens gestures ..thx big guy
You know when you get upset and stuff about how the market is behaving etc. Do you think thats the market doing it to you, or you doing it to you?
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Old Apr 14, 2017, 10:25pm   #27
 
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You know when you get upset and stuff about how the market is behaving etc. Do you think thats the market doing it to you, or you doing it to you?

Getting upset doesn't help, nor the drother getting mind forged indignant.

the market does not care. it is what it is.
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Old Apr 14, 2017, 10:32pm   #28
 
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Getting upset doesn't help, nor the drother getting mind forged indignant.

the market does not care. it is what it is.
You right, it doesnt help. If you had the emotionals tucked up youd realise theres nothing to get upset about.
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Old Apr 14, 2017, 10:36pm   #29
 
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You right, it doesnt help. If you had the emotionals tucked up youd realise theres nothing to get upset about.
finally you agree with me. nice to have you on board darkie.
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Old Apr 14, 2017, 10:38pm   #30
 
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finally you agree with me. nice to have you on board darkie.
Almost, cept that im speaking on behalf of the market and i see you getting upset sometimes. Just tryin to help you out bro
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