One of the things that professional traders do to ensure discipline during these trying times is to plan out their approach. The old adage ‘Failing to plan is planning to fail,’ can really hold true in financial markets. As traders, there isn’t just one way of being profitable. There are many strategies and approaches that can help traders accomplish their goals. But whatever is going to work for that person is often going to be a defined and systematic approach; rather than one based on ‘hunches.’