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The Complete Idiot's Guide to Active Trading by Ken Little

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Chapter 23
Money and Time Management
In This Chapter
• Plan your business with a business plan
• Profit goals and expenses
• Constructing a money-management plan
• Your time is your money
Your trading business is physically set up like a home-based business, but you can’t stop there. Before you begin full-time active trading, you need a plan for how you will transition from a money-losing startup to a profitable business that will provide the financial support you and/or your family needs. It could happen accidentally, but it will more likely happen intentionally if you plan for it to happen.
Your business is simple compared to most businesses, so your business plan doesn’t need to be 100 pages with charts and supporting documents. It does need ...

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