What you need to know to become a successful trader
Even if the trader has a reliable trading plan, the lack of discipline may be prevented by him.
Everyone tends to change their plans. For example, if the course exceeded the level of fixation of the profit, which was set by the trader initially on the basis of the analysis, then he may have a desire to earn more than he expected. In the reverse situation, the trader may not close the lot when prices fell below a pre -set restrictive level, hoping that the market will turn out very coolly. Sometimes such changes in the plan are justified, but most often they are caused by simple emotions. This is the value of the trade plan and discipline, which is necessary for a clear follow for it. It helps to avoid such emotions and desires.