Do you have a trading plan?

What I mean is, do YOU have a trading plan? I'm not talking about when you think price is going up you might think about buying at some point or when price is going down you might think about selling at some point.

Do you have a physically written trading plan?

Do you know;

1. What your going to do?
2. When your going to do it?
3. Why your doing it?

Can you answer 3 basic questions before you trade as a result of that trading plan?

1. Where is price now?
2. What is it doing?
3. How can you get involved, if price goes up, down or sideways?

Now ask yourself again, do you REALLY have a trading plan...? or are you clicking your mouse, closing your eyes and hoping for the best?

Lets take a look at a trading plan in action. In relation to my strategy which essentially looks for break outs and Fibonacci retracements.

1. Video 1 -  The planning - Where is price now, and what is it doing there?
2. video 2 - The execution of that plan - How can I get involved?

Video 1

Video 2