Stocks & Commodities V. 27:3 (44-49): The Trading Plan by Cory Mitchell

Stocks & Commodities V. 27:3 (44-49): The Trading Plan by Cory Mitchell
Item# \V27\C03\047MITH.PDF
Availability: In Stock

Product Description

The Trading Plan by Cory Mitchell

When creating a trading plan, you have to take into account all the possible contingencies. Here are the steps you should go through when designing your game plan.

Atrading plan is your carefully thought-out and tested way of approaching and beating the market over the long term. It is the course of action for entering, exiting, and managing your trades so that all contingencies are considered before a trade ever takes place. With such a plan, emotions are left out of the trading equation, and only tangible criteria are used to make trades. Emotions can cause many problems in trading, including entering trades out of boredom, entering trades too early or not at all because of anxiety, staying in trades after profits should have been taken due to an emotional attachment to a tradable, or exiting too early and for a minuscule profit when it should have been left open longer.


Having a trading plan will allow you to navigate different circumstances methodically and logically. This process can be repeated, tested, and then altered if results are not up to your standards. If you trade based on emotion, you will not be able to go through this process because your emotions will always get in the way and you will react accordingly. Problems can be avoided by not having to trade on reactions to the moment. The market is in constant flux, which in turn means emotions can be in constant flux. Well-laid-out trading plans will allow traders to avoid this barrage of emotion as they will know in advance how to handle each situation as it arises.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order