PART 2DEVELOPING A WORKING BUSINESS PLAN
Have a Plan for Your Trading/investing
What happens when someone gives you a tip or idea about the market? Do you get excited about it and want to act on it? Do you become skeptical and suddenly distrust the person who gave you the tip? In some cases you probably act, and in other cases you become skeptical, possibly depending on the source.
A better alternative is to notice whether acting on the tip fits into your business plan for trading. If it fits, you then do more evaluation in accordance with the criteria you use in your plan. If it does not fit, you simply discard ...