As it was mentioned in our previous article, the information on your past trades can considerably sharpen your trading results. Trading statistics is your superpower. Why? By evaluating it, you get a whole picture of your trading performance with all your strong and weak points. Then you simply improve your weaknesses (change your trading plan) and empower strong sides. Then repeat. These steps are basic for building a profitable and scalable trading system. The question…
“If you fail to plan, you plan to fail” – the words of Benjamin Franklin are applicable in trading, dividing traders into two large groups. The first one consists of those who use a trading plan, the second one consists of those who lose. We bet you’d like to be in the first one! Thus, planning is one of the key issues along with tech analysis, money and risk management, and traders’ psychology issues. So,…