✅ Personal Trading Plan – Your Map to Stay in the Market
Dr. Alexander Elder teaches us that a trader without a written plan is not trading... but gambling.
The plan is what distinguishes the professional from the amateur.
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📋 What is a trading plan?
It is a written guide that defines:
When and why to enter a trade.
Where you will exit (profit target and stop loss).
The risk size in each trade.
The tools and indicators you will rely on.
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🧠 Why do you need a plan?
Discipline: It prevents emotional decisions.
Clarity: It keeps you focused during volatility.
Continuity: It helps you learn and develop your strategy over time.
> "If you can’t write down your plan... then you don’t have a real plan." – Elder
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✳️ Key Elements in Elder's Approach:
1. Clear technical criteria for entry and exit.
2. Defining the trade size as a percentage of capital.
3. Psychological notes to track your mental state.
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🔍 This is information, not a recommendation, and the market always carries risks, think with your mind and make your decision with your hands.