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What is the concept of a trading plan?
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[QUOTE="marym, post: 305836, member: 97350"] Additionally, a trading plan should also include a section on how the trader will manage their emotions while trading. This may involve techniques for staying calm and focused during periods of high volatility, as well as strategies for dealing with fear, greed, and other emotions that can impact decision-making. It's also important to regularly review and update your trading plan based on your performance and changes in the markets. A trading plan should be seen as a living document that evolves over time as the trader gains experience and adapts to changing market conditions. Finally, it's worth noting that creating a trading plan is just the first step in successful trading. It's equally important to stick to the plan and follow it consistently over time. By doing so, a trader can improve their chances of success and achieve their trading goals. [/QUOTE]
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What is the concept of a trading plan?
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