GuidePedia

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Summary

Although this section might not seem important, as described in the text, it is of enormous help to us traders: 

Business plan – helps us focus on our main goals and pre-define some variables that will be useful on our journey such as: maximum allowable drawdown, your current condition, weaknesses and strengths, etc. It is important for you to create your trading plan before you begin trading a real account when no psychology factors play an important role in your decisions. 

Trading Journal – help us see certain patterns about ourselves, about our trading decisions, about our thoughts and about our performance as traders that otherwise would be difficult to see. 

So for now, start building your business plan and print some journals so you have them ready when you undertake your next trade. We wish you all success and you should know we are always available to help with mentoring or on-line coaching. 

Good luck and Good Trading!

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