Trading Winner¶

Book Review: Trading In The Zone by Mark Douglas

"Master the market with confidence, discipline, and a winning attitude."

Trading In The Zone by Mark Douglas examines the mentality and psychology of successful and unsuccessful traders, understanding our trading actions, and shows us how to strengthen the psychological aspect of trading. "In Trading In The Zone", Mark Douglas shows you how to analyze your mental strengths and weaknesses when you make trading decisions. He then shows you how you can correct flaws in your trading mentality and habits. The ultimate goal of Trading In The Zone is to eliminate trading based on emotions.

Donald J. Trump – Organization Quote

Donald Trump has a lot of great things to say. Mr. Trump a very intelligent man who has mastered the business game. Sure, he may say a lot of things, but there are many great gems. The quote below is one of my favorite Donald Trump quotes.

Just Another Money Blog Highlights Trading Winner

This weeks Carnival of Personal Finance is hosted by Just Another Money Blog.

Rate Your Stock Broker

There is a new section on Trading Winner called Stock Brokers.

Trading Strategy: Creating a Stock Trading Plan

What is a Stock Trading Plan?

A stock trading plan is a strict set of rules and actions which formulate your stock trading strategy. A stock trading plan defines when to buy and sell stocks and at what prices. Every trade you make should be governed by your trading plan.

A stock trading plan is very similar to a company Business Plan. A Business Plan is a device for the owner which sets out how the company intends to operate the business. A business plan is also a road map to tell investors and others how you expect to get there. A business plan covers all aspects of the company, from overall strategy and marketing to finances and the company’s goals. In the same fashion, a trading plan lays out how the trader will make trades – the time, price, volume, and news are all essential components of the trade. While your trading plan may not necessarily be for others, it is still your own road map to tell yourself, and reaffirm to yourself, how you expect to get there. Include goals in your business plan: 3 month, 6 month, 1 year, 2 year, 5 year, 10 year, and even 20+ year goals you would like to reach through your trades and investments.