Stocks & Commodities V. 32:13 (8–11): Developing Your Own Trading Plan by Solomon Chuama

Stocks & Commodities V. 32:13 (8–11): Developing Your Own Trading Plan by Solomon Chuama
Item# V32C13_743CHUA
Availability: In Stock

Product Description

Developing Your Own Trading Plan by Solomon Chuama

Winning The Battle

Here’s an example of how you can execute your own trading system based on current market analysis.

There’s a saying that if you fail to plan, then you have already planned to fail. What, then, is a trading plan? A trading plan is an embodiment of your trading goals, risk management rules, and your trading system. Sadly, 90% of new traders don’t survive the markets because of haphazard trading. A trading plan is a well-thought-out approach to executing a trading system of your own based on the market analysis in order to limit trading mistakes or losses. Trading plans differ from one trader to another because of different styles of trading. But it’s not enough to develop a trading plan; you also have to be able to stick to it.

In this article, I will provide examples of my goals and of my trading system, on which a trading plan can be based. The goals I set for myself are the motivating factor in my trading. Besides goal-setting, you must have some interest in the business you run. Here were my goals when I started trading:

*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