{"id":19760,"date":"2013-04-18T10:13:08","date_gmt":"2013-04-18T14:13:08","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=19760"},"modified":"2013-04-18T10:13:08","modified_gmt":"2013-04-18T14:13:08","slug":"5-steps-to-trading-success","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/04\/5-steps-to-trading-success\/","title":{"rendered":"5 Steps to Trading Success"},"content":{"rendered":"<p><strong>Step #1 Game Plan<\/strong><\/p>\n<p>One of the biggest mistakes we see with traders and investors is this: They have no game-plan.<\/p>\n<p>This is one of the most important elements in trading and you should not be trading without one. When you have a game plan, it allows you to get in and out of the market in a non-emotional way. So often we see traders jump into markets based on emotion, investment show ideas, or rumors. This is the worst possible way to trade and the quickest way to lose money.<\/p>\n<p>There\u2019s nothing more important to have than <!--more-->a game plan to enter and exit positions in the markets. By creating a game plan, you are setting yourself up emotionally to handle anything that happens in the market. Having a successful game plan, complete with an exit and money management strategy is enormously important.<br \/>\nWith the kind of volatility that we are seeing in the markets today, not having a game plan is like financial suicide and that is something that you don\u2019t want to do.<\/p>\n<p><strong>Here\u2019s How To Get Started<\/strong><br \/>\nCreating a game plan is very easy and you can do in a matter of minutes.<br \/>\nHere are the <strong>5 KEY STEPS:<\/strong><\/p>\n<p><strong>STEP 1:<\/strong> Write down your reasons for buying or selling a particular market.<\/p>\n<p><strong>STEP 2:<\/strong> Write down your entry points for the market you\u2019re about to trade.<\/p>\n<p><strong>STEP 3:<\/strong> Write down when you are going to exit this market. This can be with a stop or when a market reaches a predetermined target zone.<\/p>\n<p><strong>STEP 4:<\/strong> Do not make market decisions during trading hours.<\/p>\n<p><strong>STEP 5:<\/strong> Review your game plan every day to see whether things are going according to what you expect. This allows you to adjust your money management stops and your target zones in a non-emotional way.<\/p>\n<p>That\u2019s it. It couldn\u2019t be any easier and the only cost is time and a sheet of paper.<\/p>\n<p>Every Success,<\/p>\n<p><a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Step #1 Game Plan One of the biggest mistakes we see with traders and investors is this: They have no game-plan. This is one of the most important elements in trading and you should not be trading without one. When you have a game plan, it allows you to get in and out of the [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5013,5014,5015,5016,5017,5018,5019],"class_list":["post-19760","post","type-post","status-publish","format-standard","hentry","category-general","tag-5-steps-to-trading-success","tag-rule-1-game-plan","tag-step-1-write-down-your-reasons-for-buying-or-selling-a-particular-market","tag-step-2-write-down-your-entry-points-for-the-market-youre-about-to-trade","tag-step-3-write-down-when-you-are-going-to-exit-this-market-this-can-be-with-a-stop-or-when-a-market-reaches-a-predetermined-target-zone","tag-step-4-do-not-make-market-decisions-during-trading-hours","tag-step-5-review-your-game-plan-every-day-to-see-whether-things-are-going-according-to-what-you-expect-this-allows-you-to-adjust-your-money-management-stops-and-your-target-zones-in-a-non-emotional-way"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Steps to Trading Success  - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2013\/04\/5-steps-to-trading-success\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Steps to Trading Success  - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Step #1 Game Plan One of the biggest mistakes we see with traders and investors is this: They have no game-plan. 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