No Plan, No Trade

mlawson71

Active member
154 3
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. :D 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.
 

cesar470

Junior member
15 1
Hello,
There was a saying I have found in forums: 'Plan your trades and trade your plan'
Simply like that :)
 

foroom lluzers

Veteren member
3,611 135

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piphoe

Legendary member
10,038 194
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. :/
 

foroom lluzers

Veteren member
3,611 135
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/indices/222250-dow-thread-traders-dow-2.html#post2892960

As regards most t/a based methods and market timing clowns , 80% is still psychology:smart:
 

itspossible

Senior member
2,778 557
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. :/
 

foroom lluzers

Veteren member
3,611 135
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.

. :/
psychology
 

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piphoe

Legendary member
10,038 194
The markets care about your mindset, ya whatever. Carryon wayworrd fools:rolleyes:

and after every field goal make sure you do one of those pointing to the heavens gestures ..thx big guy ;)
 
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darktone

Veteren member
3,916 1,000
The markets care about your mindset, ya whatever. Carryon wayworrd fools:rolleyes:

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?
 

piphoe

Legendary member
10,038 194
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.
 

darktone

Veteren member
3,916 1,000
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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