Approach Trading like a Business

Some of the biggest problems new traders experience relate to emotions and poor discipline. However, these problems can easily be fixed if you approach trading like a business.

Any new company must develop a business plan that defines their mission, vision and objectives. A business plan requires the company to identify its strengths, weaknesses, opportunities and threats. A plan defines strategies to meet its objectives and how progress will be measured. Progress will be monitored and strategies will be adjusted to meet defined goals. A business plan helps give the company direction for the future, how they are going to get there, and guidelines to help them recognize potential problems.

Traders can use the concept of a business plan to create a trading plan. The purpose of the meetup is to go over the components of a trading plan and give traders the tools they need to create a trading plan that is specific to them. A trading plan will give them structure needed to apply discipline. It will also document their trading rules in order to eliminate emotional decisions.

This meetup is recommended for all traders at any experience level. This will be a live meeting, but will be recorded as well.