The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand.

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before the defeat.   -Sun Tzu

He who chases three rabbits catches none.  – Ancient Proverb


Why do you trade?  I know this sounds like a really stupid question since the answer is most likely “to make money”?  But there are an unlimited number of ways to make money in the stock market; therefore, if the reason you trade is to make money, and I assume it is, how are you going to do it? What is your plan of action? Your strategy if you will?  For along with your purpose there must be a plan.

Without a plan, trading becomes nothing more than an addictive gambling cycle sure to end in misery, despair, and unpaid bills.  The trader who wants to make money trading  begins with a well defined strategy (WHY), then develops the tactics (HOW) to accomplish his or her strategic goals.  The trader uses stocks (WHO) to develop a watchlist (WHAT), so that he will be ready to take action at the appropriate place (WHERE).  WHEN?  Well, that is the unknown variable that requires what few have in this game.  Patience.





In the following webinar session we discuss how to develop a watchlist of stocks for trading a specific, well-defined trading strategy utilizing the simple, yet effective flowchart above.




You can also watch the webinar via VIMEO HERE.





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