Trading Tip #2 - Create A Trading Plan

Posted on by The INO.com Team

You wouldn't start a new project without a plan would you?

12 Days of Trading Tips Day 2

Creating a trading plan is crucial for long-term success. You may get lucky for a while, but eventually not a having a plan will catch up with you, trust me. It will also help keep the emotion out of your trading.

Before I became successful in trading, I was unsuccessful. I just winged it and that's not the way professional traders do it by any stretch of the imagination. It was only after I created my own trading plan that I began to trade the right way. Up until that time, it was pretty much hit or miss.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

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2 thoughts on “Trading Tip #2 - Create A Trading Plan”

  1. Plan is everything. Doing business and trading without the plan is like sailing on the ocean without compass.
    If You got plan You acquire knowledge and analytic skill 3 time faster than normal.

  2. Adam,

    Thanks for sharing a great idea.
    It is what I need.

    I would add:
    Not only create a trading plan,
    BUT REFER TO IT OFTEN AND FOLLOW IT !!
    (I think you are implying that)

    Bruce.

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