06/03/2022
Plan the trade, trade the plan. What is life without planning? What is life without goals? What is life without structure, a framework within which everything else can exist? You take bad trades. You take trades that don’t follow your trading plan. Trading becomes too chaotic an endeavor to handle. Life requires a plan if it is to be lived to its fullest. So too does trading. Trading without a plan is navigating without a map. It’s removing the North Star. It’s destroying the compass. Trading is difficult enough as it is, let alone trying to do it without a plan! A trading plan is a very worthwhile investment of time, effort and focus for your future as a trader. It will be your guide rails and your framework. If you’re not yet experienced enough to make a trading plan, then that’s okay! Keep learning until it’s time. Once it’s in place, you can build on it, refine it, and customize it so that it best reflects your trading ruleset at any given time. Plan the trade, trade the plan. We have an entire Falcon Processes video dedicated for building a trading plan! Join today. We’d love to have you ☺️