5 Ways to Cultivate Your Retirement Savings

If you have trouble displaying this email, view it as a web page.

THE WORLD'S MOST TRUSTED NAME IN PROFESSIONAL TRADER EDUCATION™    SINCE 1997

Recipe for a Successful Trading Plan

Dear Colleague, The traders and investors who do well have a plan. Of that group that does well, it is typically the people with the short, simple trading plans. The key is making sure your trading plan is yours, is only filled with essential information and works for you. Here are a few questions to get you started; to learn more, sign up for a free workshop. Why Do You Want To Trade? The obvious answer is "to make money" but the successful investor or trader takes this much deeper. Are you trying to get to a profit threshold that will allow you to leave your day job and trade from home? Are you retired and want to stop digging into savings? Your "why" is the key driver in any endeavor in life. What Is Your Strategy? This one is by far most important. I tell students to be as detailed as they can. In other words: When exactly do you buy and sell? How exactly do you handle stops, manage risk, targets, and so on? From my experience, the more you can make market speculating 100% rule based, the better you will do. What Markets Will You Be Trading? This one is again very important as everybody is different and has different goals. By knowing someone's goals, life style, account size, personality and so on, it is easy to steer them in the direction of a set of markets that helps them achieve their goals in the safest and most efficient way possible. How Much Capital Do You Have? I meet students all the time who are trading markets with price points that are much larger than they should be trading with their account sizes. Having position sizing parameters and account sizes set in stone in a trading plan helps give you the best chance with the lowest risk. How Much Time Do You Have? This will determine whether you should be a short term income trader, swing trader, longer term trader for wealth or maybe all of the above… Neither is right or wrong, better or worse. The key is to make sure you put yourself in the best position to succeed and, depending on when you can watch the markets or do your analysis, there is a quality low risk market moving 24 hours a day, 5 or 6 days a week. The goal of this piece was to help you start asking the right questions. These simple ideas can sometimes be clouded by all the misleading marketing and useless education this industry spits out. We'll tell you much more at Online Trading Academy when you sign up for a free workshop. Read more... Hope this was helpful, have a great day. Sam Seiden Chief Education, Products, and Services Officer Online Trading Academy

5 Ways to Cultivate Your Retirement Savings Having a plan for retirement as well as a healthy nest egg for when that day comes is an important step in financial freedom. (Click for full infographic)

Call

Send SMS

Call from mobile

Add to Skype

You'll need Skype CreditFree via Skype

You are receiving this email because you have opted-in to receive Lessons from the Pros.To unsubscribe from future emails or to update your e-mail preferences click here. Online Trading Academy International Headquarters - (888) 346-8710 17780 Fitch, Suite 200, Irvine, CA 92614, USA  Privacy Policy