General Becoming profitable in the market is important but having a trading plan is even more important.

[Phila040409]

Becoming profitable is a skill.It is earned and not bought .Becoming a profitable trader and becoming a consistent trader is two different things.You have to balance the two for you to be successful.Trading comes with alot of stressful energy but is worth it in the long run.Having a trading plan lowers the stress by 60% because there always have to be the benefit of the doubt.

 

[austey]

Nice topic...I use the CEST system, which is just an acronym for Condition(creating rules to look-out for in a trade set up), Enter(knowing what to look for before entering a trading or placing), Stoploss(Stop loss placement is very key when it comes to risk management),Target(it's good to have a target or you can as well trail your stop if you're good at).

All of these culminate to making you a better trade.

 

[Cupa]

Becoming profitable is a skill.It is earned and not bought .Becoming a profitable trader and becoming a consistent trader is two different things.You have to balance the two for you to be successful.Trading comes with alot of stressful energy but is worth it in the long run.Having a trading plan lowers the stress by 60% because there always have to be the benefit of the doubt.

It takes a good quality trading education, back testing for couple of months and a true reliable mentor to make it.

 

[charlso11]

Yes, I agree to this. Trading plan is very vital because trading is like an offline business