The Trading Process - Follow The Plan - Step 12
I see comments like these everyday, especially in many of the retail trader blogs:
"I had a losing day today, so I think I need to add a filter..."
"After 4 consecutive losses, I have to go back and re-test..."
"Starting today, my plan is now that I will double my position after a loss, to recover more quickly..."
Maybe you've even said one of the above. All of them spell Trouble. With a capital T.
The lesson is simple: Once you have a well thought out, well researched plan, STICK TO THE PLAN!
Next: Don't Overleverage
