There are 5 steps for s successful trading journey. In order to be successful you must know your system like the back of your hand. You also need to know your plan like the back of your hand. It is vital to your success. You also want to test it. Knowing when you have a strategy that is not effective is important as well.
- There are some things that you can do to increase the odds that the plan you are using is actually viable for the markets.
- KNOW YOUR SYSTEM LIKE THE BACK OF YOUR HAND, KNOW YOUR PLAN LIKE THE BACK OF YOUR HAND, TEST IT, SIM TRADE IT, AND REFINE IT.
- We all come to the realization of how important the supporting work in trading is at some point, so make sure you do it sooner rather than later.
“If you trade the system randomly or based on gut feeling, there’s a chance that you’ll end up picking all the losing trades in an otherwise fantastic system!”