Making A Plan

[NerdSmasher]

Generally speaking, most successful investors have a plan. As I continue to invest in stocks, and not do nearly as well as I think I should be doing, I keep wondering if it's because I don't have an *exact* plan. I have a general idea, and I tend to go with that because I always thought that every single stock would need a somewhat different plan. Perhaps I am mistaken.

So, my point here is; can anyone give some pointers on making a plan? Or, if someone already has a plan, could they post it as an example? Any help on this matter is appreciated

Thanks!

 

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[nomadjanet]

Good place to start:

http://www.thefastlanetomillions.com/showthread.php?t=544&highlight=making+plan

also search for other threads that may have info.

Janet

 

[NerdSmasher]

Yes, but that's a plan for LIFE, I mean a plan for investing in the stock market, specifically; lol. I've read that, and that's sort of where I got the idea in the first place

 

[RAiMA]

Yes, but that's a plan for LIFE, I mean a plan for investing in the stock market, specifically; lol. I've read that, and that's sort of where I got the idea in the first place

Good book I'm reading atm is Trade your way to financial freedom by Dr Van Tharp.

He goes into physchology, position sizing and developing a system. From what I've learnt so far, it's really good. It gets you to think about what you actually want from the stock market and gets you to set up a system that's right for you. It won't make you rich overnight, but it does have some very sound priciples.

 

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