Jpwone
JPWone
This is great advice and strikes me as very sound and practical. Sadly, in the world of trading, folks tend to enter this zone of amazing 'detachment' from reality i.e. from real business reasoning and planning. Too many unreaslistic expectations. Basically, if you don't have a sound business plan (written or not) to undergird your trading plan (yes I know most don't bother) - you can expect trouble.
I would expect the business plan to inform the trading plan which would determine my cash outlay. The style of trading I wish to employ together with the markets and instruments I seek to use will also be key factors.
regards
S
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JPWone
This is great advice and strikes me as very sound and practical. Sadly, in the world of trading, folks tend to enter this zone of amazing 'detachment' from reality i.e. from real business reasoning and planning. Too many unreaslistic expectations. Basically, if you don't have a sound business plan (written or not) to undergird your trading plan (yes I know most don't bother) - you can expect trouble.
I would expect the business plan to inform the trading plan which would determine my cash outlay. The style of trading I wish to employ together with the markets and instruments I seek to use will also be key factors.
regards
S
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