How to Prepare Successful Trading Plan Part-I

In trading, you have two choices:

1. Follow YOUR TRADING STRATEGY
2. Fail.

Any trader who consistently makes money in the market will tell you that unless you create and follow a plan, you will fail.
If you are one of the few who have written a trading plan, you are off to a good start for success. Having a plan is certainly no guarantee for success; however, it does get you over a major hurdle. If your plan has a few shortcomings or it lacks sufficient preparation, it will take you a while to start seeing success. But when you have a plan in front of you, it gives you something to work with and modify. Documenting your process won’t prevent you from making mistakes, but it will keep you from repeating them.
Lets Discuss How to create a trading plan as market are very volatile in past few sessions and traders who cannot handle the volatility should use this time to getting accustomed to make a trading plan and using it in future.

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