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How do I put together a business plan for share trading?
I have been trading on and off for the last 7 years, this unstructured trading has not been as efficient as it could have been, this is largely because I have no plan in place to follow.
Having a sound structured plan would help greatly increase the prospect of making a profit. do you have a business plan that you follow for online trading? can you give me an idea of how to put one together?
6 Answers
- Anonymous1 decade agoFavorite Answer
I know there are some strategies that hedge funds follow that might make them money. I don't know if a strategy is going to improve your returns. Maybe you have a strategy and don't realize it. If want you are doing now isn't working, then my first suggestion would be to increase your knowledge of the market. Read a lot of books on the market (I like "The Little Book that Beats the Market"). Listen to a lot of conference calls - these always give you insight as to the optimism of the company's executives. Read a lot of quarterly reports. Read a lot of news stories on the market. news.google.com is a good place. Study what the best investors are buying and selling. for this information, check out http://www.top10traders.com/ - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
- Anonymous7 years ago
The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).
Check it out here. It's worth it: http://tradingsignal.toptips.org/
- 1 decade ago
I run a business called 132 Business Plans:
My plans are often used to secure investment and help people start trading seriously. If you think you may be interested in purchasing one of my plans or my website design service then please view the link below: