Get these three FREE stock trading reports and discover a Stock Trading Course that can make your rich. If you can read an email, you can print cash with this Strignano’s Forex Signal Service and learn how to trade like pros from Tom Strignano- an EX CHIEF BANK TRADER. Learn Fibonacci Retracement! We are standing on the threshold of another new year. Buy and hold style of stock investing maybe dead. To invest successfully in today’s markets, you need to have a trading plan. You should start your 2010 with a trading plan that can give you 7 figures.

You should develop the trading plan based on who you are as an investor. This is an absolute must before you create your trading plan for 2010 to know what type of an investor you are. Your old trading plan may not work in 2010. What you need is a trading plan that first determines what type of an investor you are. Are you an investor? Are you are trader? Are you a long only investor? Are you a short only investor? Or are you both a long and a short investor? You need to sincerely ask these questions and determine what is the time horizon of your stock investing.

Take out a piece of paper and write your trading plan for 2010. What are your financial goals. How much you want to make in 2010. What will be your trading strategies in 2010? Write down all these things in detail and ponder over them.

The most important resolution that you need to make in your trading plan is that you will become an independent trader in 2010. What this means is that you are not going to trade on what you hear, think or fear. You will only trade what you see. What this means is that you are going to turn off CNBC and instead try to learn those chart patterns that tell you when to enter the market and when to exit to making a killing in the market.

You need to understand another fact is that you are not trading the stock market. What you are trading is the market of stocks. What this means is that a bullish or bearish market should be irrelevant for you in 2010. Your trading plan or for that matter your trading system should work for both bearish as well as bullish markets.

The last and the most important resolution that you should make for 2010 is that you will never trade without first putting the stops. You will only buy at the support or withing 5-10% of the support and sell at the resistance or withing 5-10% of the resistance. You will learn those chart patterns that can tell with deadly accuracy when the market is at it’s lowest and your downside risk is minimal.

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