DayTrading with Anni: A Blog about Stock Trading & Life: The Daily Note

Tuesday, May 17, 2011

The Daily Note - Trust Your Plan

Never stop dancing, even if the weather changes and ruins your picnic. Keep to your plans and you'll always find joy in the day.

The most difficult part of the plan is to trust it. We have as traders often second guessed our plans only to say later how much we have "left on the table" or lament that we "sold too soon". There is only 2 reasons why that would happen. 1.) We did not have a complete plan with a definite target, and 2.) We did not trust the plan and changed our mind.

Once trades are planned, you may need to adjust for some unexpected changes that can be corrected, but once in the trade, it's best to trust the plan and let it unfold so it can come to fruition.

So the lesson in this picture is to trust your plan and the challenge is that you learn to trust it sooner than most of us so you will still be dancing when other have fled.

The Singing Butler by Jack Vettriano

Happy Trading, Living and Dancing
Anni

The Daily Pick - MCP

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Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.

QUOTES ON TRADING AND LIFE

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Dance for yourself - If someone understands, good; if not, then no matter, just go on doing what you love ~ Louis Horst
"In Trading, when on the right side, patience is the key, but if you're not sure, patience will not serve you well." Anni 2/1/12
Rationalizing can make you blind to what is.
"The idea of unions is not a bad one until you realize that it fosters dependence on those who wish to control your capacity to earn and how to spend your money. 1/2012 AnniV
"Happiness is a choice not a wonderful arrangement of circumstances" Woody.G. Perry's NYE 2011
"For myself I am an optimist - it does not seem to be much use being anything else." - Sir Winston Churchill
When looking at a country look to the success of it's middle class not the richest of its citizens. Twitter post by Anni 8/24/2011
"In trading, as in life, strength comes from knowing oneself." 7/15/2011
"In this social media world don't be a kaleidoscope: fascinating for a short time but easy to be without . Be real and a friend instead." Anni 5/17/2011
"Music is the true International Reserve Currency" Matthew Brenner 5/17/2011
It's all about blessings, some sooner some later .. always available .. some know when they receive it some don't see it. The lucky do. Anni 1/4/2011
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"You have to take a chance to be given a chance" AnniV 05/27/2010
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"Don't Wait for Life, Live It" Anni 2/2007
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