本帖最后由 刁得一 于 2009-10-11 19:37 编辑
摘自Stock Market Wizards - interviews with America's top stock traders (p118) by Jack D. Schwager. 2001.
If you decide to trade for a living, you have to treat it just like any other business endeavor and go into it with a plan. The business plan should contain specific answers to all of the following questions:
- What markets are you going to trade? You need to select a market that fits your personality because a market is a reflection of the people who trade it. People who trade Internet stocks are definitely different from people who trade utility stocks.
- What is your trading capitalization? On the one hand, you should honestly be able to say, "If I lose all this money, it won't change my lifestyle." On the other hand, you need a large enough account so that making at least as much as you do from your current job is a feasible goal. Otherwise, you will think that you are a failure because you will work harder as a trader than you do at the job you are in now.
- How will orders be entered? Will you scale into positions or put them on all at once? How will you exit losing trades? How will you exit winning trades?
- What type of drawdown will cause you to stop trading and reevaluate your approach? What type of drawdown will cause you to shut down trading?
- What are your profit goals, measured on as short a time frame as is feasible for your trading approach?
- What procedure will you use for analyzing your trades?
- What will you do if personal problems arise that could adversely impact your trading?
- How will you set up your working environment so that it is conducive to trading and maximizes your chances for success?
- How will you reward yourself for successful trading? Will you take a special vacation, buy yourself a new car, etc.?
- How will you continue to improve yourself as a trader? What books will you read? What new research projects will you do? |