The importance of THE PLAN 👺

Recently at IKAGI we entered a trade ($SSL) at the bottom, and right now after huge gains, there's the question, do I close here or I hold onto the trade?
The answer is simple for any trade. And it has to do with composure and expectations. You have to be HONEST with yourself and decide whether you want the profits now, or you are ABLE to lose some of them temporarily for higher gains down the road. You have to be at peace with such decision, in order to control your emotions.
Discipline is one of the most underrated abilities in this game. Not because it’s complicated, but because it’s rare to hold onto it when it matters most. The hardest moment is not when you’re in drawdown. It’s when you’re sitting on massive profits.
That’s where emotion becomes subtle. You start negotiating with yourself. You start seeing what you could lose instead of what the chart is still offering.
But the plan didn’t change.
The structure didn’t change.
Only your emotions did.
As a stoic trader understands this: You don’t close a position because you feel something. You close it because the plan says so. Anything else is just fear dressed as logic.
The plan CAN change, if conditions evolve over time. But something you need is a SOLID framework, and a system you can trust to show you the right signs. So get down to work, it is possible to WIN big, you just have to work hard for it!
IKAGI/WP👺