How to Design and Construct an Effective Trading Plan: The Road to Trading Success

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You haven’t thought much about it other than you want to take a vacation. You grab the keys to your car and head out on the highway. Hours pass and you watch the scenery change from metropolitan landscape to bucolic greenery. You feel the tension leave your body. Darkness falls and you pull into a motel for the night. After getting settled in your room, you turn on the television, kick off your shoes and flop on the bed. You reach for the phone to call a friend to tell them about your trip. Your friend picks up the phone and hears the excitement in your voice. But then he asks a question that shocks you and you sit up straight in your bed. “Where are you headed”, your friend asks. This seemingly innocuous question hits you like a slap across the face. It’s hard to believe but you have no idea. You look around the room and realize that you haven’t packed any clothes. No toothbrush….nothing. You suddenly feel disoriented and can’t believe what you have done. You feel so stupid that you blurt out, “the Keys”. You slowly replace the receiver while your friend is still talking on the other end. Are you in the Twilight Zone? Needless to say, this absurd scenario is highly unlikely because nobody would ever take a trip without planning first. You know, decide the destination, check the route, make advanced reservations and that sort of stuff. Nobody would just take off without planning. But that’s exactly what takes place with most new traders. No defined destination, no road map, no idea of how to get there; “there” meaning making money by trading. What are the chances of being successful in your journey if you don’t even know such basic things as where you are going? It is truly unbelievable how many traders bite the dust (it’s estimated that about 90% of all beginning traders are out of trading within several months) mainly because they lack the proper preparation. Apparently, to most new traders success appears as just a simple matter of choosing the proper direction of movement. That’s like believing that a band aid will cure any disease. Indeed, trading is a much more complicated undertaking and requires extensive preparation. If it were so easy to make money, everybody would be doing it. Being a successful trader is not a matter of luck or even skill, it is a matter of proper preparation. And that is what this book is all about.

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Product Details

  • Paperback: 122 pages
  • Publisher: CreateSpace Independent Publishing Platform (May 28, 2013)
  • Language: English
  • ISBN-10: 1489582401
  • ISBN-13: 978-1489582409
  • Product Dimensions: 6 x 0.3 x 9 inches
  • Shipping Weight: 8.5 ounces
  • Customer Reviews: 3.4 out of 5 stars5 customer ratings

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