When you make a plan you need to stick to it as best as
possible. You can refine it along the way
but the point of having a plan is to learn what variables are out there so you
can account for them in future revisions of your plan. That’s what the Constitution is: a plan for
governing this country. We add amendments to it to help refine what it is
because of events that have happened over the years. These variables have helped to clarify what
our nation’s purpose is.
When you trade you should clarify your trading with your
intent. Are you just trying to make
monthly income or are you looking to build a nest egg for retirement. This should be factored into what type of
trades you will make and which securities you will trade. Stick to your plan for a few tries and if it’s
successful review what made it successful and stick to it. If there are problems try to find out what
went wrong and refine what you are doing to address those problems.
Making a trading plan takes time and if you are consistent
you will come up with a successful plan that works for you.
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