A trading plan is a strategy that traders use to define their activities in the markets.

Since each trader has their own personality, a trading plan must be adapted to match the goals, trading style, and personality of each trader.

This website is intended as an educational resource, to help traders build their won trading plans.

This is a trader question from the Fibonacci Trading Forum.

Martin asks:
I seem to be waiting for the optimum trade and then do not pull the trigger, but then see it go the way I thought it would.

Neal responds:
There are several primary causes of this problem;

Lack of confidence.
Fear/Risk.
Over analysis/indecision.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Martin asks:
I always try for a 2-1 ratio but because i trade the daily and 4-hour, the risk is quite high.

Neal responds:
Aah, the risk/reward ratio, one of the most frequent causes of failure! Trying to force your trading to fit an arbitrary ratio can be very difficult and very detrimental to your capital.

The market doesn’t care what your favorite ratio is. Traders must be flexible, and adjust trading decisions to accommodate a variety of conditions.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Martin asks:
I wait for the trigger on the close of the candle , but i find that it might run into another fib level.

Actually there is almost always some Fibonacci level somewhere, that can get in the way. We have to determine which Fibonacci Levels are stronger, which are weaker, and watch price behavior at those levels to make our trading decisions.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)