The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: funk who wrote (2110)	1/3/1998 12:52:00 PM
From: TFF	Read Replies (4) of 12617

Keep Your Eye On The Ball: Discussing world politics, economics, stock fundamentals is all well and good. BUT to succeed as a Day Trader you need to concentrate on your BUSINESS PLAN. There are five components to your business plan: 1) Financial Projections (short/mid/long term) 2) Trading System (mechanical and/or intuitive) 3) Psychology (trader's state of mind) 4) Execution System (software/data/broker) 5) Risk/Money Management System Spend your time improving these components and leave the political/ economic/fundamental analysis to the Position Traders.

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