Trading Plan

The Business of Share Trading


Many traders have taken their hobby-like pursuit of amateur trading to the next level. They've decided to go full time (or part time) and start share trading professionally. If you undertake share trading at any level, everything discussed below should be very relevant to you. If you take your money seriously, a trading plan is always a good idea as well as keeping good records and considering taxation implications.

Business Plan: Share Trading Plan

Trading Objectives: Setting Share Trading Goals


So, you've decided to part with some of your cash and invest it into trading stocks. Share trading is like a business. Your primary purpose is to make a profit. You're not a charity freely giving money back into the markets. Like any successful business formulating a business plan, successful traders also need to have a well thought out trading plan. Remember the traditional goal setting maxims: Goals should be SMART: Specific, Measureable, Attainable, Realistic, Timely.

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