Stock trading company business plan
Trading can be as unstructured and wide-open a venture or a structured and quantified approach as we dictate conditions and parameters for.
There are two general schools of thought when it comes to operating a trading method or approach. One side believes we should trade every minute of every day, trying to maximize all potential profit opportunity stock trading company business plan missing a beat.
Another side believes it is prudent to target specific goals and if hit, bridle back or shut down for the duration until next period arrives. In stock trading company business plan words for intraday traders, trade all day every day or trade for x-dollar profit and call it a day until next session. Common logic coupled with human greed points to the fact that some sessions or periods offer outsized profit potential.
Then there is the aspect of judging trader performance based on potential profit opportunity. All true to various extents. But no trading career is ever based on extreme market conditions. High volatility and large-range sessions are a welcome gift when stock trading company business plan. A brief, welcomed gift. What if we opted to construct a business plan based on steady, consistent performance objectives that are reasonable to meet on a regular basis?
Instead of grading our performance relative to max potential gains every day, what if we graded performance on achieving reasonable goals averaged consistently over extended periods stock trading company business plan time?
Needless to say, just about everyone has toyed with a progressive table at one time or another and pondered possibilities. How much fun that would be. What if we held ourselves accountable to the concept of steady, consistent performance unattached to market behavior? If so, would it make sense to judge our individual performance against any other measure? Too many times a trader will be their own worst boss when it comes to judging performance.
Holding oneself accountable to unreasonable standards only leads to one end: On the other hand, if we can visually see that small to modest incremental growth does lead to potential results acceptable enough in the end, that can serve as a guideline of measure to keep us grounded.
There may be slight to vast differences when in comes to emotional management with small accounts versus large, but the science or math goes unchanged.
Summation Traders need some sort of measuring stick to follow as a guide for measuring performance and production. It cannot be ridiculously low or unreasonably high to achieve. Basing some type of table on personal ability, potential from market s traded and other known variables are pulled together stock trading company business plan comparative measure.
That type of baseline gives us permission to target realistic goals rather than unrealistic or even unstructured goals of performance. Many traders desire while others eschew such business plans. How we get there and why is up to each of us along the way. Austin Passamonte is a full-time professional trader who specializes in all commodity markets.
Austin trades privately in the Finger Lakes region of New York. At Connors Research, we are using it as an overlay to many of our best strategies to make them even better -- now you can, too. Austin Passamonte is a full-time professional trader who specializes in Stock trading company business plan stock index futures and commodity markets. You can find more of Austin's work at his website CoiledMarkets.
The Connors Group, Inc.