文档介绍：Stocks & Commodities V. 3:2 (66-68): Novice Speculator Trading Plan by John Sweeney
Novice Speculator Trading Plan
by John Sweeney
When all the waiting is done and a new trade is signaled I can at last, get to work. However, it's not to
burn up the wires to Chicago — it's paperwork that needs to be done, before the job even starts!
Actually, if things are working right, I'll be making out my trading plan a week to two weeks ahead of the
trade. Then it gets a yellow paper clip and goes into my pile of daily logs awaiting execution—right next
to the paper trades (white paper clips) and the trades under way already (red). Then, as I update the daily
action, it's a simple matter to check the plan to see if things are unfolding as foreseen—or not!
Why make up the trading plan in advance? Why even make up a trading plan? Answering the second
question should answer both questions.
I've seen trading plans seven lines long and I've seen them six pages long, but the people who use them
know them to be essential for two things: Discipline and Framework. Discipline is needed to make
them, refer to them, and follow them. Just as important, your plan puts a framework on a topsy-turvy
world, a world where you sometimes wonder if up is still UP or not. The framework is your version of
what's happening and what indicators you are following to prove it.
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