Creating a trading plan can help maintain discipline from "summary" of Mastering Trading Psychology by Mike Baehr,Andrew Aziz
One of the most crucial aspects of successful trading is maintaining discipline. Without discipline, it is easy to let emotions take over and make irrational decisions that can lead to substantial losses. One way to combat this lack of discipline is by creating a trading plan. A trading plan outlines specific guidelines for how you will approach trading, including your entry and exit strategies, risk management techniques, and overall trading goals. By having a plan in place, you are less likely to make impulsive decisions based on emotions or outside influences. Instead, you can rely on the structure provided by your trading plan to help guide your actions. When you ...
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