I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written many post on how to make trading plan and we cover the same exclusively in our trading course.Days like today when we have swing of more than 200 points can break a trader very very badly so its always good to have a plan and following it religiously.
Today lets discuss 3 benefits of making and executing a proper trading plan.
Increased Confidence
Rgds,
Bramesh
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