We hear a great deal about formulating trading plans and the importance of sticking to plans. In the corporate world, business planning is vitally important--and yet those plans evolve with shifting economic conditions. Similarly, military strategies are carefully formulated, but tactics evolve as new information becomes available.
There is much more to successful trading than creating a plan and robotically following it. How do we adjust plans without abandoning them? How do we adapt to shifting market conditions without losing discipline?
I see little written on the real-world process of developing and executing plans; more on this topic shortly.
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