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A Failure To Plan Means You’re Planning To Fail -

Planning is essential to your long-term success, but what does that mean, exactly? What elements go into constructing a viable plan? Some of these elements, we’ve already covered in the previous section, including:

• Your motivation for trading
• The results you expect to get from trading
• The amount of money you’ve got to work with
• And Your time horizon for, and frequency of trading

There’s more to a plan than just those elements, however, and we’ll take a deeper look at the nuts and bolts of planning in this section.