Creating a Trading Plan

September 10th, 2020
 

Putting together a trading plan is a crucial step for many serious traders, and there are many approaches to markets based on different trading types, personalities, risk tolerances & more.

According to Chris of Master Consulting, one important question to ask is “Am I mentally ready to trade today?” This one important question can help traders to gauge their confidence at the beginning of each day.

Chris goes on to explain that emotions can account for up to 80% of trading decisions, and maintaining mental calmness is paramount to trading patience and timing.

Learn more in this 3-minute video from the webinar Avoid New Trader Mistakes:

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