Why Traders cannot stick to their trading Plan?

During my Initial days of trading My Guru  emphasized me  to the  stick to my trading plan in order to become profitable in the long run. Coming up with a trade plan is the easy part, sticking to it is easier said than done. During my Coaching Session most of students have confessed they cannot stick to their trading plan. Today we discuss few reasons why most traders find it difficult to stick to their trading plan.

Lack of Trust in the Plan

One of the major issue that some traders suffer is the lack of trust or belief in the trading plan. There is nothing binding you to follow the plan and there are times where you feel that the trade won’t “work” if you stick to the plan. As a result, you take trades on gut feeling, only taking certain setups and not taking ones that don’t “feel right”. For you, following your trading plan is merely an option.

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