Having notes on trading plan is probably not what I need, and so far I haven't. Trading is an attempt to make a profit that should not be planned or written down in note, you may be able to take advantage of the market situation to make a profit, that is for something that is not written down.
It surprises me a little bit to see so many comments against the idea of documenting your strategy and even your trades, when it is such a basic thing to do when it comes to learning.
Am in agreement with you on this. I realy really think trading plans should be laid out with proper documentation. Its simply doing your analysis and defining possible occurances in the market with how to take advantage of it should it be positive or how to exit when negative. It helps in ways like;
1. Keeping you in check and on track
2. It helps you to get confidence in your analysis when right and the opposite when wrong.
3. It serves historical purposes on what to expect. Perhaps the platforms used in trading might have some data to this regard but, your pre analysis before it actually plays out is more valuable and builds confidence.
4. It defines the level of risk your taking repaired to take in the market.
5. It also prevents you from unnecessary loses by not being too greedy in the market.
Having a trading plan documented is a good step for me.
It depends on the individual surely but, whatever goes is the way to go.