A Common Factor For Success
Several years ago, I took a survey of how many traders currently trade or have ever traded according to a trading plan. In that survey, I detailed a few things that had to exist for the “plan” to really be considered a trading plan. Fewer than 2% responded in the positive that they have ever traded according to a trading plan.
Shocking? In a sense, yes.
What person starts a business without having a plan in place. Actually, I should reword that. What person starts a business and succeeds without having a plan in place? Not too many I’m sure.
In fact, if I were to do a survey of the number of businesses who had a business plan when they started and lasted for more than 2-years, I would be willing to bet a large sum of money that at least 95% of them would respond in the positive.
-Ryan Jones
Too many traders look for the easy push-a-button type of success and when they don’t get the results they wanted they move on to the “next big thing.”
But following even a simple plan using a basic strategy and some self-discipline will yield better results. It has for me!