Detailed Description

Trading Plans for Winning Traders - Create Effective Trading Plans for All Your Strategies

Trading stocks, options, futures, Forex or any other financial instrument for a living is tricky business.  You have to be a committed trader to be a consistent winner.  Trading is all about making the right choices, at the right time.  In order to be a success in this business you need to create effective trading plans and journals to track your successes and make adjustments when needed.

With this book you will learn: 'Why You Need a Trading Plan', 'Elements of a Trading Plan', 'Types of Trading Strategies', 'Determining the Strategies You Will Use', 'Determining Your Risk Tolerance', 'Why You Need to Track Your Trades with a Trading Journal', 'The Difference in Taxes for Investors and Traders', 'Developing Your Own Trading Plan', 'Elements of a Real Life Trading Journal'.

The chapters in this book include:

    Introduction from the Author
    What is a Trading Plan
    How to Make a Trading Plan
    Develop a Trading Plan for Each Strategy you Use
    What is Your Risk Tolerance?
    Complete Trading Plan Example
    The Most Important Reasons for Tracking Your Trades
    Review and Update Your Trading Journal Every Day You Trade
    Trader Taxes
    Trading Plan Template
    My Trading Journal, a Sample in the Life of a Real Trading Journal

Written by Steve Heller, CFP ® EA, Certified Financial Planner™ and Register Representative with H.D. Vest Investment Securities, Inc. for 10 years and with several years experience as a day and swing trader.  In 'Trading Plans for Winning Traders' I show you how to create effective trading plans and journals for all your trading strategies.  

You cannot afford to gamble with your money because once your money is gone, its gone.  Give yourself the highest probability for trading success by developing workable trading plans and trading journals.  'Trading Plans for Winning Traders' will be a valuable resource for creating trading plans and journals in the shortest amount of time possible, giving you more time to concentrate on trading.