Plan Your Trade and Trade Your Plan

LCapitaljr
2022-03-19

$Tesla Motors(TSLA)$ $Unity Software Inc.(U)$ $Sea Ltd(SE)$ There are seven easy steps to follow when creating a successful trading plan:

 - Outline your motivation.

 - Decide how much time you can commit to trading.

 - Define your goals.

 - Choose a risk-reward ratio.

 - Decide how much capital you have for trading.

 - Assess your market knowledge.

 - Start a trading diary.

The Most Important Thing is - Keep It Stupid

Simple

“Another lesson I learned early is that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”

 - Jesse Livermore

My Investment Experience
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Comments

  • HilaryWilde
    2022-03-19
    HilaryWilde
    Do you think there are any currently undervalued listed companies in Australia?
  • BellaFaraday
    2022-03-19
    BellaFaraday
    Do you own Tesla?
  • marketpre
    2022-03-19
    marketpre
    Absolutely, when you tend to buy in some stocks, you are recommended to make a plan and do according to it.
  • ccy1122
    2022-03-23
    ccy1122
    [Thinking] [Thinking] [Thinking] [Like] [Like] [Like] [OK] [OK] [OK]
  • LouisLowell
    2022-03-19
    LouisLowell
    Strict execution of a trading plan is the key to successful investing.
  • EvanHolt
    2022-03-19
    EvanHolt
    Livermore is right, history keeps repeating itself.
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