Innehåll:
- 1. FIRST THINGS FIRST
- 2. EXAMINE YOUR MOTIVES
- 3. MATCH THE TRADING METHOD TO YOUR PERSONALITY
- 4. IT IS ABSOLUTELY NECESSARY TO HAVE AN EDGE
- 5. DERIVE A METHOD
- 6. DEVELOPING A METHOD IS HARD WORK
- 7. SKILL VERSUS HARD WORK
- 8. GOOD TRADING SHOULD BE EFFORTLESS
- 9. MONEY MANAGEMENT AND RISK CONTROL
- 10. THE TRADING PLAN
10. THE TRADING PLAN
Trying to win in the markets without a trading plan is like trying to build a house without blueprints-costly (and avoidable) mistakes are virtually inevitable. A trading plan simply requires combining a personal trading method with specific money management and trade entry rules. Krausz considers the absence of a trading plan the root of all the principal difficulties traders encounter in the markets. Driehaus stresses that a trading plan should reflect a personal core philosophy. He explains that without a core philosophy, you are not going to be able to hold on to your positions or stick with your trading plan during really difficult times.
