Date: ______________________
I (your name) _____________________________ hereby declare:
I will adhere to my own established and created trading rules, taking into account:
My motivations to trade are:
1. |
2. |
3. |
4. |
5. |
My trading objectives are:
1. |
2. |
3. |
4. |
5. |
Have you set the above in stone?
Once you have completed reading these three volumes, you will have changed the above several times, which indicates that your initial thoughts were naïve, unrealistic, or just based on lack of information. Actually, the changes are often a result of all three. As you learn more about trading, you will change your strategies. There is nothing wrong with that. Being flexible should be part of a strategy to trade; particularly when it comes to international markets. However, as an initial warning, too ridged or too loose a strategy becomes useless when market conditions are tough and strategy becomes critical to success.
As such, a strategy should be easy to follow and become your norm and not the exception in trading.