Part III
Developing a Trading Plan
In this part . . .
Sun Tzu famously observed that every battle is won or lost before it even begins. That same rationale applies to trading. And just as an army must know its strengths and weaknesses to succeed, you have to get to know yours, too. Here I look at various trading styles, provide tips to develop trading discipline, and offer a practical plan for analyzing markets with an eye to spotting trade opportunities. I also take a hard look at risks beyond just losing money, so you can be prepared for bumps in the road.
