One of the biggest mistakes people make is not having the best options trading strategies in place. It is mind boggling that anyone would consider trading without a strategy in place. No professional trader would ever recommend making buying and selling decisions without having a strategy in place.
The Mapping
Succeeding in the stock market starts with having a plan in place that can help you to move with purpose. Consider the best options trading strategies as GPS in your car. It tells you when to turn around, when to stop, when to keep on moving. A marginal strategy is like using an old paper map that is a little faded in the creases, it gives you direction but they can be difficult to follow. Of course, you want the reliability of the best mapping so you do not get lost in the folds.
The Risks
You can choose to keep it moving without a strategy in place but it is a lot like wandering aimlessly, you may get to your destination but you may not. The risk of moving forward without a good strategy are costly. The risks include:
*Wasting time
*Losing money
*Getting frustrated
*Being stressed out
The entire goal of investing is to create wealth, not to spend your time, stopping and starting over again. Without a strategy in place, you will waste your time. You will also lose money many times over, even if you are lucky enough to experience a few gains, where do you go after that? Having a plan, A, plan B, plan C and so forth can help you to ensure that you are ready for anything. It reduces frustration. When you have a strategy in place you can move without feeling the tremendous stress of the unknown. Financial Markets Wizard has the best strategies!
