I have been thinking a lot about planning of late, especially with regard to its connection with intuition and minimalism. It will be difficult to describe my thoughts on this in such limited space but here goes:
Essentially I believe that the more elaborate a plan, the more there is to go wrong at every stage of its realisation. And this is without considering the role of the opposition, whose goal is not just to refute various plans but to lie in wait for the obvious ones, constructing their game to meet them most effectively.
So should one actually have a ‘plan’ as such, or is the entire concept flawed? I’d say it needs some adjustment in that a ‘plan’ must have enough inherent flexibility to change at any moment. And what characterises the game of strong players is the way that their moves often seem ‘multi-purpose’, fulfilling a role in multiple potential plans.
Traders might find this concept useful too. Rather than have a single ‘on-off’ switch to one’s trades it may be far more effective to make multiple adjustments in position size and instrument depending on an overall assessment of the market and the extent of an advantage. Of course only the very strong are going to do it like this, most people will try and frame concepts in simple terms because their level of mastery allows for nothing more complex.
Here anyway is a topical Youtube clip. Enjoy!