فصل 4 Adjust and Stick to Your Trading Plan
1. Adjusting your trading plan
The first step to becoming a successful trader is making sure your plan is a profitable one. So, before you actually trade your trading plan with live money, it's time to back test and forward test it to find out what you can expect.
Never trade a plan with real money, unless you know it has a good chance of working out, by testing.
Yet market conditions change over time, and a trading plan that is profitable one year may not work as well the next. So if you start losing money consistently while following your trading rules religiously, you can always go back and re-examine and adjust your trading plan.
2. Good benefits of sticking to your trading plan
The fact remains that no trading plan will work if it's not followed. If you truly want to succeed, sticking to the plan is extremely crucial.
Here are a few benefits to stick to the plan:
● Validating your plan
You need a reliable methodology to support your learning the market, so you need to validate your plan in a live market condition.
For a trading system to be thoroughly tested, it needs to capture every setup that meets the rules. This is important so that all boundaries of the system are accounted for and you can verify that you trading plan provides you with a solid trading system.
Imagine if you only take the trades that you feel right and you think is good, and you decide to ignore any trades because you experienced a few losses recently. Do you think you can fully appreciate
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