Last week I sent out this poll asking if people have a written plan:

https://t.co/ZSlPJOGHG1
Over 60% of people said they did not have one.

It's now one of my main goals to get as many people as possible to commit to writing their own rules which codify their goals and methods.
I strongly believe that writing down your strategy especially if you are a new trader/investor will lead to improved and more consistent performance in the stock market.
Trading the markets is a tough business, money is on the line and emotions can run high.

Preparing ahead of time is essential so that in the moment you are just executing your plan.

This is the best way to stay in the game for the long haul
And funnily enough, even though 60% of respondents did not have a written plan, almost 85% believed having one would improve their performance.

That means people need to put in the work. Do it.

https://t.co/XQhpBeShOu
Rules should be personal, based on your own experiences, style, and timeframe.

However, the most important thing is that you have them and update them regularly based on post-analysis of your own trading and studying past winners
In my view, any set of trading rules should cover these main topics at the least:

Determining Market Conditions
Stock Selection
Entry Setups
Stop Loss Management
Position Management/ Sell Rules
Mindset/Psychology
Post Analysis
Routines
Dealing with earnings
Crisis Management
They should also outline your own personal goals when it comes to investing.

Your rules should be granular enough that someone with a similar amount of knowledge could follow your strategy.
Get started this weekend if you haven't already, get something down on paper.

It should take about an hour to get your main thoughts across and it's worth it believe me.
For trading rules guidance, I highly suggest you check out the Youtube Webinar @RayTL_ and I hosted on the @TraderLion_ channel

Ray walks through so many important concepts when it comes to rules and how to write them

#Absorb #Study #Apply #Repeat

https://t.co/Cf3LOB3Zu9

More from Richard Moglen ЁЯУ╜я╕ПЁЯжБЁЯЪв

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Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan GanleyтАЩs Burkean group and the incel wing of National Party (Gear├│id Murphy, Mick OтАЩKeeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


The best thing you can do is challenge disinformation and report posts where engagement isnтАЩt appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
рджрдзреАрдЪрд┐ рдЛрд╖рд┐ рдХреЛ рдордирд╛рд╣реА рдереА рдХрд┐ рд╡рд╣ рдЕрд╢реНрд╡рд┐рдиреА рдХреБрдорд╛рд░реЛрдВ рдХреЛ рдХрд┐рд╕реА рднреА рдЕрд╡рд╕реНрдерд╛ рдореЗрдВ рдмреНрд░рд╣реНрдорд╡рд┐рджреНрдпрд╛ рдХрд╛ рдЙрдкрджреЗрд╢ рдирд╣реАрдВ рджреЗрдВред рдпреЗ рдЖрджреЗрд╢ рджреЗрд╡рд░рд╛рдЬ рдЗрдиреНрджреНрд░ рдХрд╛ рдерд╛редрд╡рд╣ рдирд╣реАрдВ рдЪрд╛рд╣рддреЗ рдереЗ рдХрд┐ рдЙрдирдХреЗ рд╕рд┐рдВрд╣рд╛рд╕рди рдХреЛ рдкреНрд░рддреНрдпрдХреНрд╖ рдпрд╛ рдкрд░реЛрдХреНрд╖ рд░реБрдк рд╕реЗ рдХреЛрдИ рднреА рдЦрддрд░рд╛ рд╣реЛредрдордЧрд░ рдЬрдм рдЕрд╢реНрд╡рд┐рдиреА рдХреБрдорд╛рд░реЛрдВ рдиреЗ рд╕рд╣реГрджрдп рдкреНрд░рд╛рд░реНрдердирд╛ рдХреА рддреЛ рдорд╣рд░реНрд╖рд┐ рд╕рд╣рд░реНрд╖ рдорд╛рди рдЧрдПред


рдФрд░ рдЙрдиреНрд╣реЛрдиреЗрдВ рдмреНрд░рд╣реНрдорд╡рд┐рджреНрдпрд╛ рдХрд╛ рдЬреНрдЮрд╛рди рдЕрд╢реНрд╡рд┐рдирд┐ рдХреБрдорд╛рд░реЛрдВ рдХреЛ рджреЗ рджрд┐рдпрд╛ред рдЧреБрдкреНрддрдЪрд░реЛрдВ рдХреЗ рдорд╛рдзреНрдпрдо рд╕реЗ рдЬрдм рдЦрдмрд░ рдЗрдиреНрджреНрд░рджреЗрд╡ рддрдХ рдкрд╣реБрдВрдЪреА рддреЛ рд╡реЗ рдХреНрд░реЛрдз рдореЗрдВ рдЦрдбрд╝рдЧ рд▓реЗ рдХрд░ рдЧрдП рдФрд░ рдорд╣рд░реНрд╖рд┐ рджрдзреАрдЪрд┐ рдХрд╛ рд╕рд░ рдзрдбрд╝ рд╕реЗ рдЕрд▓рдЧ рдХрд░ рджрд┐рдпрд╛редрдордЧрд░ рдЕрд╢реНрд╡рд┐рдиреА рдХреБрдорд╛рд░ рднреА рдХрд╣рд╛рдВ рдЪреБрдк рдмреИрдардиреЗ рд╡рд╛рд▓реЗ рдереЗредрдЙрдиреНрд╣реЛрдиреЗ рддреБрд░рдВрдд рдПрдХ рдЕрд╢реНрд╡ рдХрд╛ рд╕рд┐рд░ рдорд╣рд░реНрд╖рд┐ рдХреЗ рдзрдбрд╝ рдкреЗ...


...рдкреНрд░рддреНрдпрд╛рд░реЛрдкрд┐рдд рдХрд░ рдЙрдиреНрд╣реЗрдВ рдЬреАрд╡рд┐рдд рд░рдЦ рд▓рд┐рдпрд╛редрдЙрд╕ рджрд┐рди рдХреЗ рдкрд╢реНрдЪрд╛рдд рдорд╣рд░реНрд╖рд┐ рджрдзреАрдЪрд┐ рдЕрд╢реНрд╡рд╢рд┐рд░рд╛ рднреА рдХрд╣рд▓рд╛рдП рдЬрд╛рдиреЗ рд▓рдЧреЗредрдЕрдм рдЖрдЧреЗ рд╕реБрдирд┐рдпреЗ рдХреА рдХрд┐рд╕ рдкреНрд░рдХрд╛рд░ рдорд╣рд░реНрд╖рд┐ рджрдзреАрдЪрд┐ рдХрд╛ рд╕рд░ рдХрд╛рдЯрдиреЗ рд╡рд╛рд▓реЗ рдЗрдиреНрджреНрд░ рдХреИрд╕реЗ рдЕрдкрдиреА рд░рдХреНрд╖рд╛ рд╣реЗрддреБ рдЙрдирдХреЗ рдЖрдЧреЗ рдЧрд┐рдбрд╝рдЧрд┐рдбрд╝рд╛рдП ред

рдПрдХ рдмрд╛рд░ рджреЗрд╡рд░рд╛рдЬ рдЗрдиреНрджреНрд░ рдЕрдкрдиреА рд╕рднрд╛ рдореЗрдВ рдмреИрдареЗ рдереЗ, рддреЛ рдЙрдиреНрд╣реЗ рдЦреБрдж рдкрд░ рдЕрднрд┐рдорд╛рди рд╣реЛ рдЖрдпрд╛ред


рд╡реЗ рд╕реЛрдЪрдиреЗ рд▓рдЧреЗ рдХрд┐ рд╣рдо рддреАрдиреЛрдВ рд▓реЛрдХреЛрдВ рдХреЗ рд╕реНрд╡рд╛рдореА рд╣реИрдВред рдмреНрд░рд╛рд╣реНрдордг рд╣рдореЗрдВ рдпрдЬреНрдЮ рдореЗрдВ рдЖрд╣реБрддрд┐ рджреЗрддреЗ рд╣реИрдВ рдФрд░ рд╣рдорд╛рд░реА рдЙрдкрд╛рд╕рдирд╛ рдХрд░рддреЗ рд╣реИрдВред рдлрд┐рд░ рд╣рдо рд╕рд╛рдорд╛рдиреНрдп рдмреНрд░рд╛рд╣реНрдордг рдмреГрд╣рд╕реНрдкрддрд┐ рд╕реЗ рдХреНрдпреЛрдВ рдбрд░рддреЗ рд╣реИрдВ ?рдЙрдирдХреЗ рдЖрдиреЗ рдкрд░ рдХреНрдпреЛрдВ рдЦрдбрд╝реЗ рд╣реЛ рдЬрд╛рддреЗ рд╣реИрдВ?рд╡реЗ рддреЛ рд╣рдорд╛рд░реА рдЬреАрд╡рд┐рдХрд╛ рд╕реЗ рдкрд▓рддреЗ рд╣реИрдВред рджреЗрд╡рд░реНрд╖рд┐ рдмреГрд╣рд╕реНрдкрддрд┐ рджреЗрд╡рддрд╛рдУрдВ рдХреЗ рдЧреБрд░реБ рдереЗред

рдЕрднрд┐рдорд╛рди рдХреЗ рдХрд╛рд░рдг рдЛрд╖рд┐ рдмреГрд╣рд╕реНрдкрддрд┐ рдХреЗ рдкрдзрд╛рд░рдиреЗ рдкрд░ рди рддреЛ рдЗрдиреНрджреНрд░ рд╣реА рдЦрдбрд╝реЗ рд╣реБрдП рдФрд░ рди рд╣реА рдЕрдиреНрдп рджреЗрд╡реЛрдВ рдХреЛ рдЦрдбрд╝реЗ рд╣реЛрдиреЗ рджрд┐рдпрд╛редрджреЗрд╡рдЧреБрд░реБ рдмреГрд╣рд╕реНрдкрддрд┐ рдЗрдиреНрджреНрд░ рдХрд╛ рдпреЗ рдХрдареЛрд░ рджреБрд░реНрд╡реНрдпрд╡рд╣рд╛рд░ рджреЗрдЦ рдХрд░ рдЪреБрдк рдЪрд╛рдк рд╡рд╣рд╛рдВ рд╕реЗ рд▓реМрдЯ рдЧрдПредрдХреБрдЫ рджреЗрд░ рдкрд╢реНрдЪрд╛рдд рдЬрдм рджреЗрд╡рд░рд╛рдЬ рдХрд╛ рдордж рдЙрддрд░рд╛ рддреЛ рдЙрдиреНрд╣реЗ рдЕрдкрдиреА рдЧрд▓рддреА рдХрд╛ рдПрд╣рд╕рд╛рд╕ рд╣реБрдЖред
1/тАЬWhat would need to be true for you toтАж.XтАЭ

Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?

A thread, co-written by @deanmbrody:


2/ First, тАЬXтАЭ could be lots of things. Examples: What would need to be true for you to

- тАЬFeel it's in our best interest for me to be CMO"
- тАЬFeel that weтАЩre in a good place as a companyтАЭ
- тАЬFeel that weтАЩre on the same pageтАЭ
- тАЬFeel that we both got what we wanted from this deal

3/ Normally, we arenтАЩt that direct. Example from startup/VC land:

Founders leave VC meetings thinking that every VC will invest, but they rarely do.

Worse over, the founders donтАЩt know what they need to do in order to be fundable.

4/ So why should you ask the magic Q?

To get clarity.

You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.

It also holds them (mentally) accountable once the thing they need becomes true.

5/ Staying in the context of soliciting investors, the question is тАЬwhat would need to be true for you to want to invest (or partner with us on this journey, etc)?тАЭ

Multiple responses to this question are likely to deliver a positive result.