Failing to Plan is Planning to Fail

illustration depicting a sign post with directional arrows containing a choices concept.

(an excerpt from the book UP! by Ann Babiarz ©2017 all rights reserved)

An investing plan is a complete set of rules that covers every aspect of your trading and investing life. Many amateur traders and investors do not have any sort of plan and they enter the markets with little regard to their risk and profit objectives. Comprehensive risk and money management strategies lie at the heart of all good investing plans. From a good investing plan comes solid fine-tuned habits. Keep in mind, bad habits are easy to create and difficult to live with. Good habits are difficult to create and easy to live with. A solid investing plan will help you create and sustain good habits.

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