The trader's business plan

The trader's business plan

Many people, excited by the opportunities presented in the markets,

leap before they look. Some people find temporary success “winging

it” or learning as they go. However, more often than not, that approach

results in massive drawdowns, despondency and closed trading

accounts. Newcomers to the markets, and even those who have

already started trading (even successfully), may find themselves

reading this article and thinking “What does this chap mean by…?” or

“I never thought of that”. If that’s the case, you may very well benefit

from the time investment required to thoroughly learn your trade, study

all the tools available, and design a business plan before expanding

your activity in the markets. Here, Chris Terry offers an outline for

designing a business plan with the elements required for a successful

career trading.

If you are interested in penny stocks try the penny stock detective or ultimate penny shares


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