The Road to Successful Trading

 

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In Closing 
The purpose of the trading plan is to come up with realistic trading goals and objectives as 
well as trading tactics which are the proposed methods of action to meet your clearly stated goals. 
The plan must also be a holistic approach to trading. You must think about incorporating the plan 
into your daily life to really make it work. Otherwise, trading can easily begin to dominate your life 
and take it over. By recognizing this, and being well balanced, you will be able to stay in the game 
for the long haul. 
 
It is also important to keep in mind that successful trading is a blend of technical and mental skills.
Much has been printed about investing and how to go about it; however, rarely is it discussed about 
the importance of developing the psychological-spiritual knowledge as well. Acquiring the
intellectual skills to become a trader is reachable for most but the inner struggle to reach self 
understanding and control requires something more.
Before you make the commitment to become a trader, take some time and go through all the steps 
discussed in this book. Carefully draw up your plan and step back and take a look when you are 
done. Does it feel right? Is it really for you? What is the worst that can happen? If you are honest 
with yourself, the answer will be obvious.
 
 
 
 
 
How to Design and Construct An Effective Trading Plan 
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Document Outline

• Fundamental Analysis
• The Balance Sheet