A Nation of Laws, Not Men - Good Idea for a Trading Plan

On this Independence Day it's important to remember one of the most important differentiating characteristics of our nation from others past and present:

We are a nation of laws, not men.

We celebrate the fourth in my mind as reminder that our freedoms rest not on the whims of one man's behavior but on laws created from a body representing all of us - where everyone is equal before such laws and everyone has the freedom to direct their lives according to their dreams and hard work.

Be a Trader of Rules, Not Emotions

Whereas our nation conducts its business from the rules established in our Constitution, so should every trader conduct their business according to the rules of a well developed trading plan. Such a trader constantly tests the rules using appropriate tools. When the rules show him/her an advantage to exploit in the market, s/he uses their trading tools to enforce discipline and succeed. Changing any rule only comes from factual data that something needs modification - not on whim.

Test your trading plan rules by reading the informative blogs on the internet. Excellent examples include: TraderFeed, Trader Mike, the Chairman, and even TickerSense. More options exist as part of blogroll.

Tools that enforce your trading plan discipline and test event-based strategies can be found here at Trade-Ideas in the form of Trade-Ideas PRO and The Odds Maker.

Our Latest Demonstration of The Odds Maker On Demand - Free Video

We participated in an online expo organized by TradersWorld. Our presentation was attended live by over 100 persons and now exists here for the next 3 months or so. Take a tour and learn how The Odds Maker makes event-based trading possible (and why its so intuitively successful).

Have a Happy 4th of July everyone.