What Should be in Your Trading Plan?

There is an old saying in business: “Fail to plan and you plan to fail.” It may sound strange somehow, but those who are serious about being successful in trading and aware of gaining many profits, including traders, should follow these words as if they were written in stone
If you have a written trading or investment plan, congratulations! You are in the minority. While it is still no absolute guarantee of success. If your plan uses
flawed techniques or lacks preparation, your success won’t come immediately, but at least you are in a position to chart and modify your course. By documenting the process, you learn how to avoid repeating costly mistakes and to learn from your mistakes in order to make profit.If you want to succeed you need to learn well how to manage your trading plan, because the plan is the base of a well trading, if you don’t follow a well trading plan, you will receive a disaster every time you enter the market.Trading in the markets is a battle of give and take. The real pro’s are prepared and they take their profits from the rest of the crowd who are lacking a plan or from those who don’t stick to their plans, give their money away through costly mistakes