There is an old expression in business that, if you fail to plan, you plan to fail.
CONCEPT OF TRADING PLAN
What is a Trading Plan?
In business school, you are taught that to start a business you need a business plan. Trading is a business. Therefore, every time you trade you must be trading according to a well-thought-out and calculated plan.
A trading plan...
Yep you heard me right you need trade like a casino 🎰
Key bit here is trade like the casino operates their business model.
Don't trade like the clients that frequent the casinos.
Why should you trade like a casino?
Profitable traders understand how casinos are successful.
Casinos are profitable and make money because they have an edge which they let play...
Morning traders.
Middle of the trading week all ready!
I thought I'd take this opportunity to discuss a topic we all fear and we all find ourselves in at some point in our trading journey.
That topic being draw down and your account in a loss of starting capital.
The table I have drawn on the chart shows the amount of gain required to get an account back to...
