Write the "trading plan" to an imaginary friend
Many people have great plans in their minds, but forget them all once they are in the market.
A little tip:
Treat your trading plan as if you are writing to an "imaginary friend" and write it in a way that is understandable to them.
For example:
When to enter the market?
Under what circumstances to withdraw?
What is the target profit in R?
In what situations should you absolutely not increase your position?
When you can write the plan in a way that others understand,
your own thinking will also become significantly clearer.
Trading often lacks a "good strategy,"
but rather it is that we have never taken the strategy seriously enough to write it down and execute it.
