Designing A Trading Plan for Successful and Profitable Investing

I continually preach that Having A Plan is probably the most essential part of investing. I know from personal experience that having a clear plan is key to my success as an investor. Having a plan provides every aspect needed for proper investing, from controlling emotions, to knowing what strategy to select, to knowing when to get into and out of a trade. Having a plan controls losses and works toward providing a steadier stream of consistently winning trades.

An email from a long-time member asked for my input on his “trading plan”. I asked this investor if I could share parts of his trading plan to show members how important a trading plan can be and how to work toward establishing their own trading plan. He was pleased to do so.

This is a very lengthy article at 7350 words and will require 16 pages if printed. But the length of the article is needed to show the importance of a trading plan, how to consider laying out a trading plan, how to adjust it and how to work from it. I have always felt that planning is essential to successful investing. I have had a trading plan since the mid 1970’s and I review it twice yearly and adjust it when needed. Reviewing and adjusting the trading plan keeps it fresh and helps me to stay focused on my stocks and my trading strategies.

This article is available for both USA Members and Canada Members.

FullyInformed USA Members can login directly through this link to read Designing A Trading Plan for Successful and Profitable Investing. Canada Members can login here.

Non-members can join FullyInformed USA here or FullyInformed Canada here or read about the benefits of being a member.

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.