Most untrained (a.k.a unsuccessful) people wing it and do not know what they are doing on Wall Street. They spend all their energy trying to find the next big idea and then stumble because they ignore all the other ingredients needed to be successful on Wall Street.
I have studied the greatest investors and speculators in recorded history and have found that regardless of their investment style, market opinions, or the years they operated, they all shared one important characteristic: they all had and closely followed a successful plan. A successful plan requires deep knowledge of your subject (past and present), possess a statistical advantage, and answers the following questions:
What To Trade?
When To Trade?
How Much To Risk?
Do you have a plan?
If you want help developing a plan, send us a msg on our contact pg. We are here to help!