Not Having A Trading Plan
Most traders enter the business of trading without a plan. This is the equivalent of driving a car without being sure of one’s destination.
Having a trading plan keeps you on course and helps you reach your desired destination. It allows you to filter and analyse what is working and what needs reworking.
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Not having a to-do list
Having a to-do list is always much better than not having one. The list helps you understand what you need to get done.
A to-do list prepares us for what is coming and it reminds us of what we need to do.
Step #1: Decide What You Want
“The tragedy of life doesn’t lie in not reaching your goal. The tragedy lies in having no goals to reach.” - Benjamin Mays
Imagine a ship without a destination. It drifts aimlessly, wherever the water takes it. Deciding what you want is like setting your ship’s course. It gives you directi...
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