Glossary › plan adherence
Trading glossary · psychology
plan adherence
How well you stuck to your written plan, counted as a number, like following it in 18 of 20 trades.
The fuller meaning
The share of decisions made exactly as the plan says, with no unplanned changes. Measured and reviewed like a performance statistic, it is the discipline score of the challenge rounds and forward tests, because profit over a few rounds is mostly luck.
plan adherence, also called adherence.
Related words
anchoring · boredom trading · chasing · cognitive bias · confirmation bias · consistency · cool-down rule · discipline · disposition effect · emotion