Create a trading plan based on who you are and your personality
Who are you as a person? Adapt your trading to your personality. Figure out what YOU need to focus on to be a profitable trader
- What trading style
- Are you anxious?
- Are you impatient?
- Is your personality fit for
- Day-trading
- Swing-trading
- Long-term trading?
- Are you a structured person?
- Are you undisciplined?
- Are you
Most people’s brain is neurologically not fit for day-trading. We are not mentally fit to take the pressure, take the losses and the bad trades, and not get frustrated or feel like a failure.
- Not everyone is a good “sprinter.”
- Not everyone is an excellent distant runner/swimmer
- Not everyone is good ….
Everyone has their personality.
- You cannot just take a trading system and use it. It’s probably not a good fit for you.
You have to define WHERE you are at your best and then trade in a way that feels comfortable.
It’s essential to FIRST to define your trading plan
- A perfect trading-plan
- Customized to YOU and your personality
- You need to prove it through virtual trading before you use real money.
- Stick to that ONE plan
- It is not enough to find entry-signals or oscillators/indicators that work
- Don’t look at what other people do. Know your stuff. Focus on yourself
KNOW
- What is my personality in life?
- What do I need to be successful?
- What do I need to achieve my goals?
