Trading Without a Plan: The Rollercoaster I Couldn’t Get OffWhen I started trading, I thought I didn’t need a plan. I’d jump into trades, figuring I’d make it work as I went along. For a while, I got lucky. But soon, luck ran out.
The Day I Realized I Needed a Plan
It hit me after a week of back-to-back losses. Every win I’d made was wiped out, and I didn’t understand why. I wasn’t following any rules—I was just hoping each trade would work out. And when it didn’t, I felt completely lost.
What Trading Without a Plan Did to Me
-My results were inconsistent: Some days were great, but most weren’t.
-I had no risk management: I’d risk too much on one trade and too little on another.
-I felt out of control: Without a plan, I was relying on gut feelings, and they failed me.
How I Fixed It
I decided to start over. I created a simple plan, back-tested it, and promised to stick to it. I set rules for how much I’d risk and reminded myself that small, consistent wins would add up over time.
What I Learned
-A plan gives you control and consistency.
-Risk management is key—it protects your account when trades don’t go your way.
-Trading without a plan isn’t trading. It’s gambling.
If you’re struggling with inconsistency or a lack of direction, send me a DM—I’ve been there and can help. I also have a webinar this Sunday to help you build a strategy and stay consistent.
Kris/ Mindbloome Exchange
Trade What You See
