lowtrade

[lowtrade]

There's another VERY important saying I post often.

Plan the trade and trade the plan.

That one thing is how I over came indecision and emotion. And thus increased my gain over all.

The plan was trade the single bottom bounce levels on that one. Should have had a entry before open at $2.00 resistance break and round trip sell at 2.70 next resistance. And just checked to see if it worked. For protection of a mistake one can use trailing stops 1/2 the gain expected, instead of market stops. And adjust as needed, based on what's seen in the daily action.

Cuts out lots of stress, having your orders placed before you ever enter. And knowing how much you'll make or lose before every trade made. This also helps greatly with planning you market trading business. Ranges of gain and loss can be plugged into business wants, needs, and goals to reach business success.

IMO a business plan is very important to over all success and trading plan more-so.