A trading plan is absolutely critical to your success. Just about every successful trader has a trading plan and every failed trader doesn’t. Success leaves clues.
If you do just even a quick search among trading professionals you will see that the trading plan is the foundation of their success.
A trading plan prevents shiny object syndrome. If you have spent any time online, learning to trade you will know that there is an endless amount of trading opinions, trading systems, videos, books, forums, mentors, you name it. You will never even scratch the surface of what you could learn about trading in ten lifetimes.
All this information is incredibly distracting. You will constantly be pulled in one direction or the other. This is called shiny object syndrome or ‘squirrel’.
It’s also your defense against the emotional roller coaster of trading.
We have found a great resource that will give you the trading plan you need. Get your trading plan here.
