What’s in a Trading Plan

Five Thoughts and Five Rules on Trading

What’s in a Trading Plan

A trading plan should help with both profit and psychology.  If not, it’s probably not the best plan.  Many trading plans are overly complicated and don’t yield the desired outcome:  Profit!

If a trading plan could improve one’s wellbeing, then that is good, right? What if a trading plan could minimize behaviors most traders experience.  After all, buy at the top and sell at the bottom doesn’t really work.

Here’s a couple thoughts on a trading plan:

1.    Profitable

2.    Easy to Trade (KISS)

3.    Psychologically Sound

4.    Repeatable

5.    Understandable

The reason I put understandable as #5 is because our trading plan requires a little understanding of options.  If you don’t understand options trading or have been told they’re “Risky”, consider learning more.  We post free articles on options trading.  There are other resources available for free, too.  The bottom line is understanding is your responsibility.  Take the time to learn to be more financially sound.

Our trading plan is part of our paid membership.  We offer the simple trading plan; the connection to have someone help; and some other neat tools you’ll find useful as your portfolio grows.

Remember, trading of any sort involves risk.  You may want to read the Options Risk Disclosure from the Options Clearing Corporation here:  OCC - Options Disclosure Document (theocc.com).  Also, we are just here for education.  We want you to educate yourself on what we do, not the other way around.  We’ll give you tools and understanding.  Heck, maybe at the end you’ll be better and can teach us!  Collaboration is an great thing. 

Here's the plan: