FoundationsMAD Academy0:44Risk

Decide Before It Costs You Anything

A written plan is not bureaucracy. It is a decision made while you are calm, to be executed while you are not.

0:44 · 6 scenes

This lesson is part of a MAD Academy plan.

What the Lesson Covers

  1. 0:00Every decision is cheaper before you have money on the line.
  2. 0:05What it must contain. Entry, stop, target and size, all decided before the position exists.
  3. 0:14Why writing it down matters. An unwritten plan changes silently. A written one has to be changed on purpose.
  4. 0:23The review it enables. Afterwards you can ask whether the plan was wrong or whether you were.
  5. 0:31The uncomfortable one. A profitable trade taken against your plan is the most dangerous outcome there is.
  6. 0:39Write it before, and judge yourself on the process afterwards.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Decide Before It Costs You Anything — MAD Academy Training Video · MadStockAlerts