Game Plan

Creating a game plan is very easy and you can do in a matter of minutes. Here are the key steps to creating a very basic game plan:

1. Write down your reasons for buying or selling a particular market.
2. Write down your entry point for the market you’re about to trade. Why are you getting in? Did you see a technical set up?
3. Write down when you are going to exit this market. Why and when are you going exit? Was your profit target reached, or were you stopped out?
4. Do not make market decisions during trading hours. It may sound easier said than done, but watching the daily ticks can cause your emotions to go haywire.
5. Review your game plan every day to see if things are going according to your plan. This allows you to adjust your money management stops and your target zones in a non-emotional way.

It couldn’t be easier and it’s only costs is a sheet of paper and some of your time.

So there you have it … five easy steps that can both make you money and save you money in the future.

Every success in training and in life,