I Needed A Better Way of Trading Stocks
When I first started trading stocks in the early 90’s my analysis ended up in spiral notebooks and putting a watch list together meant cracking open a package of 3×5 note cards. When a critical element to a stock changed I needed a new note card or my trusty bottle of white out! Thankfully the old days of trading stocks are long gone but I knew, even then, that if I had a better way, I’d be a much more effective trader.
If you’re involved in the stock market, you’ve got to be organized and you’ve got to be goal oriented otherwise you’ll lose your shirt. I like to start out with my goal and then work backwards from there with my planning. Believe it or not I actually utilize some SCRUM methodology in my process as well because it allows me to tweak my plan when conditions change. Unfortunately, as you start adding more tools to your research and trading process, planning becomes tougher.
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