Trading Plan Step 2 – Set Some Goals

Trading Plan Step 2 – Set Some Goals

This step is about actually taking some time to think about what you want to achieve in the market. I think it’s fairly critical. How on earth are you going to decide what you are going to do without having a goal in mind? That would be like getting in the car to go on…

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Trading Plan Step 1

Trading Plan Step 1 – It’s All About You

First instalment of building a trading plan. Some of you might think the questions are a bit corny but, having gone through this process, it’s amazing how much you will learn about yourself and your approach to the market if you start writing things down. When I did it, many years ago, I found that…

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The Importance of a Trading Plan

The topic of Trading Plans is not a small one. There is a lot to consider. This article will be about the broad reasons why developing a plan is so important, and an outline of the major things to consider when developing a plan.  That’s the first lesson; you have to write it down. Any…

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50 Trades of (mostly) Green

It was a very exciting week for the Trading Ideas section when we finished our first 50 stocks. We closed four winning positions in Elders (ASX: ELD), Nextdc (ASX: NXT), Accent Group (ASX: AX1) and Appen (ASX: APX) – the latter being a juicy winner with a gain of almost 12%. It was rewarding to see the work and trade…

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Lessons From Brett Steenbarger

Lessons From Steenbarger

Today I share with you some of the views of the esteemed trading psychologist, well-known author –  and a personal favourite of mine – Brett Steenbarger – a man with extensive knowledge of how our minds work, both for and against our trading success. Steenbarger has a theory of keeping an ‘empty mind’ when it comes to trading,…

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