Trading is a business, a skilled, self-employed occupation, and a profession.
For ANY business to be successful and consistently profitable over time, there are THREE critical matters to attend to.
Without all three, your odds of making it are slim to none.
And without all three, you WILL have “psychological” issues because you won’t have everything you need to DO all that you need to do as a self-directed independent trader.
At the very least, you won’t be able to do everything well and properly.
If you’re not getting the results from your trading that you want and your trading is NOT calm and relaxed, these are sure signs that you’re missing something.
The first critical matter is getting your operation organized.
How can anyone expect consistent profits from a business that is NOT properly organized?
There are SO many traders that jump from one system to another or from one strategy to another and on a frequent basis…
Other aspects of their trading operations are fluid and changing often too.
This creates so much WASTE.
So, how do you properly organize your business?
By laying out a business plan, that PLAN that lays out the steps to take your trading business from where it is now to where you want it to be.
You see, when you are trying to build a business with NO plan, it is going to be stressful and filled with anxiety – because you really don’t know what to expect, both on a small scale and a large scale.