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game plan

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Trading game plan

1. Create a Game Plan:
The game plan will be the cornerstone of YOUR success. Create a simple game plan explaining why you want to buy and sell in the market. This will help build your confidence and keep you focused on why you started buying and selling in the market. Believe it or not, it will increase your chances of being successful.

2. Verify the market trend:
This is the most convenient and a must for a professional investor. A Large amount of profits will be made trading in the direction of the major market trends. Remember that.

3. Diversification lowers risk:
Diversification is one surefire way to reduce your risk. When you diversify into 4 to 6 markets, you reduce your risk and that enhances your profitability factor.

4. Trade with stop
Your game plan should play a part in every rule. Especially when you are dealing with your risk tolerance. You want to trade with stops in place. Either with percentage or dollar stop.

5. Discipline
The most important aspect of this entire set of rules is, DISCIPLINE, is of most importants. It's simple to state this, but it's a bit more difficult to put discipline in to practice. You must be strong willed in this endeavor and you will become more successful in the stock market.

6. Mind control
You have to get in your mindset to believe in what you are doing, if you get control over your mind and believe in your judgement and in your game plan, it will help you believe in and become more successful in the market.
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    May God bless each and every one of you.
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