Buy and Hold Is Dead: How to Make Money and Control Risk in Any Market

Chapter 14. The Game Plan

Thus far, I have introduced disciplines and strategies that did not require anything more than recognition and insight. These were important, though, as the building blocks of the objective. Because they were introduced first, and because we have been conditioned to embrace proactive strategies, the following section should naturally fall in line with our forward progress. However, I never said this would be easy, and for some the next three chapters may be difficult. However, for others this logical continuation will also facilitate their further progression to independence as well. This is the meat of the tools section. In addition, though, it is also a direct catalyst to our actionable proactive trading strategies and actionable systems. Therefore, this section is extremely valuable. That should be all the reason we need to try our best to absorb the tools I will describe here. Eventually, they will lead us to the comfort zone, which is where we all want to be.

Reasonably, though, even after reading the following chapters some are going to have questions. This is where technology comes in. Ten years ago, I would have never been able to offer this, but then we would probably all still be relying on our brokers for information. The Internet is a fabulous tool, and through my website I will offer everyone continued assistance with all of this. In fact, although the workings of our tools are described here, the daily updates I provide on my website provide ...