Comments on: Trading Strategy: Creating a Stock Trading Plan

by: Ray

Mon, 12 Mar 2007 02:10:04 +0000

Having a trading strategy alone is no use. You really need to keep track of your trading history and fix those problematic areas. You could either use a service like http://www.stockalicious.com or MS Excel. The most important thing is that you identify those problematic areas and fix them.

As for myself, i managed to find out that my entrance timing is 80% of the time too early by about 2 days. From then on, i delay my entrance by 2 days and voila, extra 5% profit on average per trade.

by: Trading Winner » Trading Strategy: Using Stock Screeners to Find Potential Buys

Sat, 25 Nov 2006 16:32:45 +0000

[…] Trading Strategy: Creating a Stock Trading Plan - Develop a stock trading plan of action to guide your trading and investing. A stock trading plan is similar to a business plan. […]

by: Business & Finance » Trading Strategy: Creating a Stock Trading Plan

Tue, 15 Aug 2006 08:19:44 +0000

[…] A good trading plan means successful and profitable trading. This guide will help you create your own unique stock trading plan. A well thought out and detailed Stock Trading Plan is the solid foundation for building your wealth, keeping your wealth, and successfully growing it.read more | digg story […]

by: enhanced

Thu, 06 Jul 2006 00:55:12 +0000

Hi,

Marco: this article is geared towards people new to trading, investing, and stocks. Hopefully every experienced trader has created their own plan.

When I said “Trading Plan Means Success” I definitely did not intend that a trading plan by itself meant success, but that creating a plan and diligently using it gives you an advantage and can add to your success. Marco is exactly right in that a trading plan is only one element of successful trading. I do think that creating a plan (after you know the basics and paper trade for a while), is one of the first things a trader should do.

Thanks, Chad! I also hope to bring awareness to other traders, especially newer traders just starting out or wanting to put some money in to the stock market. Trading based on emotion or impulse is NOT a good way to trade and has certainly left many traders broke. I think creating a strategy is crucial, but it is going to take a lot of time, research, testing, and experience to develop a plan that works best for you. Hopefully I have given people some ideas on where to start and also get them thinking about other aspects of trading that can benefit or harm them.

Thanks again for the comments.

Best Regards,
Nick
http://TradingWinner.com

by: Chad Lapa

Wed, 05 Jul 2006 23:35:30 +0000

Good post! I agree with Marco, I hope this helps to bring some awareness to other traders who trade on impulse rather then with a plan. I have written plenty of articles on why investing based on emotion alone does NOT lead to good things.

by: Marco - Stock Trading

Wed, 05 Jul 2006 11:27:18 +0000

Thanks for the article. Nothing new to me, but I hope it brings awareness to other traders who don’t trade with a plan to actually create one.

I disagree that having a “Trading Plan Means Success.” It is only one element of actually succeeding in trading stocks. There are so many elements that so many books about trading have been published discussing this.

There are plenty of books, and “educational companies” selling their trading systems each claiming that their systems work. But keep in mind, if trading is easy money - everyone would be doing it. But I assure you that there is money to be made in trading. It really depends on what strategy you choose to do with your money: either invest it or actively trade it.

But it is true that “Every Trading Winner must have a Stock Trading Plan.”