Develop and follow a written trading plan

So you did like my Mark Douglas recommendation after all!

 

Larry doesn’t read books. Did you not know that?

 

Retail trading plan only needs:

1. Context
2. Geometry
3. Statistics
4. Money
5. Balls

And Mark Douglas won’t help

 

Balls = Psychology

 

If balls = balls then no hope in trading for traders of the fairer sex.

 

Indeed, this brings up a whole new subject:
Can chicks be good traders ?
Better than men ?

 

Ask Linda Raschke or Connie Brown.

 

Probally those women that attempt to trade will be around trading after most men have flamed out in their moment of glory or shame. But women will probally have less moments of glory because their nature for preservation compels them towards taking less risks. Men love the braggadocious of glory. Women like the money.

 

A lot of balls out there. Brains much less. Neither guarantee a positive outcome in trading.

 

Those three words pretty much sum up my trading plan.

No guts, no glory.