As with any successful business, everything begins with a plan. A business plan is nothing more than a roadmap or in the modern world a GPS system.
Imagine that you had a restaurant and your everyday will appear in your business and change your successful recipes. You've built a loyal following by using your current project, but you can change your plan each day or week. Finally, what do you think will happen to your loyal customer base? Over time, they could not rely on the previous options you had in the first instance for your installation.
Eventually seek another restaurant that could give them consistency. Although it may not be as tasty as your food was sometimes, people want consistency.
Trading is no different. It is much better to follow a consistent theme and tweak it as late check back your results. I suppose you could say, a weak plan that is consistent is much better than a stronger plan that are not written in stone.
It has been said that good negotiation is boring, at least once. Your recipe or PLAN should be written as if your teaching an 8-year-olds.
At first, you have to remember all the items included in your plan. Over time, I don't even think about what you do, I just reacted in a pattern that has grinded to your trading habits.
If you find yourself close to the market every day to capture and nervousness, you need to re-evaluate your business plan. Either don't follow this or if you have any confidence in what should therefore be back tested. Your plan should be clear as a green light or red light when driving. I would venture to say that most traders today is color blind in this sense. If your doctor recommended glasses, eye unaware that professional observation. Just get your glasses or contacts and see your trading more clearly.
Get clear about your business and see their bright colors. Don't go another day without your eye examination of the draft negotiation.
Good trading!
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