Do You Have a Plan? Or Are You Just Guessing?
For years, I struggled with waking up on Monday feeling unprepared.
I would check the markets, take impulsive trades, and react to the latest news. Some weeks I won, some weeks I lost—but I had no real plan.
Everything changed when I started treating my trading like a business.
✅ Professional traders don't "wing it"—they follow a well-structured plan.
That's why the fourth P in the 5Ps Method is The Plan—Plan the Trade and Trade the Plan.
Why Planning is Essential for Trading Success
According to Dr. Brett Steenbarger, a performance coach for top hedge fund traders, traders who plan their trades before market open tend to have a higher win rate and more consistent profits. His research shows that traders who set clear intentions for the day tend to make fewer emotional mistakes than those who react to the market impulsively.
💡 Fact: The legendary trader Paul Tudor Jones has a post-it note on his computer that reads: "Losers average losers." This serves as a constant reminder to stick to his plan and not chase trades that don't fit his criteria.
If top traders rely on planning, why would you trade without a plan?
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How to Build a Winning Trade Plan
A strong trading plan includes:
✔️ Pre-Market Analysis
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Identify key support/resistance levels.
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Check for news or economic events that could impact the market.
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Review your trading strategy to determine ideal setups.
✔️ Defined Entry & Exit Criteria
✔️ Money Management Rules
✔️ Emotional & Mental Preparation
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Avoid overtrading when you're tired or emotional.
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Use visualization techniques or meditation to maintain focus.
A Personal Story: How the Trading Blotter Changed Everything for Me
When I worked at a bank on Wall Street, one of the top Forex traders in the world tracked every single move on a massive trading blotter. Every morning, he recorded interest rates across Europe to anticipate shifts before they happened.
I adopted this method myself, first with physical trading journals, and later with digital tools.
📌 The difference was night and day.
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When I followed my plan, I traded with confidence and avoided impulsive mistakes.
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When I ignored my plan, I chased trades and lost money.
This is exactly why The Plan is a crucial part of the Wealth Builders Roadmap. I help traders create a structured, repeatable trading plan that eliminates emotional decision-making and improves consistency.
📌 Enrollment closes on March 30th! Build your plan and trade with confidence.
I may not be doing this again! This may by the last time with live coaching from me!
JOIN NOW
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