When we talk about Trading plans, this is one of my favorite quotes from Peter Brandt…
What my positions are and why I put them on are FAR less vital than how I manage them. My edge comes from trade exit, not trade entry.
So… what does it mean?
It means you can have two traders taking the same setup.
And one made money… while the other lost.
Well, there are a few reasons:
- You’re micro-managing your trades
- You have the fear of losing
- You’re trading without a trading plan
The good news is… you can fix this by following your trading plan.
You’re probably wondering:
Rayner, how do I develop a trading plan?
Don’t worry. I’m going to teach you step by step in today’s video.
This market could possibly break out of its all-time high (while being ignored by the media).
So, go watch this week’s analysis right now:
Your Trading Plan: This is the most important trading tool
I hope you’ve enjoyed this week’s market analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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