Losing by failing to follow your trading plan

Common wisdom among trading gurus is that failing to follow a valid Trading Plan is a sure-fire way to wreck your trading account. Precisely what you do to fail to follow such a Plan is the topic of this week’s series of blog articles.

One of the most popular ways is by failing to use the Stop Loss order required by your Trading Plan.

Antedote: Try using the method from the page of this website entitled "Replace Discipline to get yourself to use a Stop Loss order every time you enter into a new trade.

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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