Tuesday, May 17, 2011

The Daily Note - Trust Your Plan

Never stop dancing, even if the weather changes and ruins your picnic. Keep to your plans and you'll always find joy in the day.

The most difficult part of the plan is to trust it. We have as traders often second guessed our plans only to say later how much we have "left on the table" or lament that we "sold too soon". There is only 2 reasons why that would happen. 1.) We did not have a complete plan with a definite target, and 2.) We did not trust the plan and changed our mind.

Once trades are planned, you may need to adjust for some unexpected changes that can be corrected, but once in the trade, it's best to trust the plan and let it unfold so it can come to fruition.

So the lesson in this picture is to trust your plan and the challenge is that you learn to trust it sooner than most of us so you will still be dancing when other have fled.

The Singing Butler by Jack Vettriano

Happy Trading, Living and Dancing

The Daily Pick - MCP

©DayTrading with Anni 2011 All Rights Reserved

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