I agree with what you say that before doing anything you have to have a plan, for trading there must always be something so that we have our strategies, from having the money ready to do trading as well as the number of operations to do per trading session, when I trade I divide it into 3 motives, if I win in the first one, then perfectly I do things as they are and wait the next day, if I see that I don't win the first movement, then I make the second movement with the money enough to recover the loss of the first one and come out positive, and if I do the 3 I must recover the loss of the first 2, if I can't do it I give up, because I know that I am not seeing the trading correctly, my vision market is very far from reality, and I have to change my analysis, strategies, even try to understand.
That's right, everything has to be planned well, if what you planned at the beginning doesn't match your expectations then you have to be ready with a backup plan, so never stop in the middle of the road, everything we want won't be easy to get, it's hard work. hard will give very satisfying results.
You would really be needing that back up plan because there are tons of variations or ways or possible paths on which this market could really be going and this is why it would really be that a bad idea that you would really be making yourself fixated into something or into your analysis believing that it is absolute, because on the time that you would really be having this kind of approach
then you are just that basically that making yourself putting into that huge disappointment and frustration once you have seen that your analysis had been dumped
by the market.You would really be that needing to be versatile as much as possible of course.
It is a fact that things with trading are quite risky and have to be carried out with the care that deserves it, we cannot invent that things can be very lucky, our backup plan can be very varied and as you say, something versatile, because in the moment there is a fundamental, that can Change everything, and for that a quick reaction is needed, therefore when we do not put ourselves to see a long-term analysis we can suffer in that way, when it is short-term term, I don't have much experience but it is something that can be very difficult to predict, maybe you have to be very glued to the PC but that is 100% adrenaline.
I always avoid that, because things can really be very Changeable, in Trading Anything can happen.