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Day Trading Stock Tip - Online Stock Trading Business Plan (Overview)

Your Online Stock Trading Business Plan (Part One - Overview)

In future articles you will receive suggestions for creating your own written online stock trading business plan. Having a written online trading business plan is necessary for several reasons:

  • most successful traders have one
  • it is a way for you to determine how disciplined you are
  • you have a written set of rules which helps increase your focus
  • if you ever wish to turn your trading business into a money management firm or hedge fund, you will need to be in the habit of having written business plans

Obviously, raising capital from others and trading that money for a fee and percentage of the profits requires much more than a business plan. Nonetheless, getting in the habit of having and consistently sticking to your business plan will install a terrific habit no matter what you want to do with your trading.

These are incorporated from many sources along with some personal tweaks. For more information on specific trading-related business plans please visit these references:

Adrienne Toghraie's "Trading On Target" 

Sunny Harris' Trading 101 & Trading 102


In the ensuing articles you will read about different recommendations for what you should include in your business plan. To start, however, here are the basics of a traditional business plan:

  • Cover Page 
  • Executive Summary 
  • Table of Contents 
  • Company Background 
  • Business Concept 
  • Product or Service - Features - Benefits 
  • Market Overview 
  • Market Situation Analysis 
  • Marketing Strategy 
  • Total Available Market 
  • Target Market 
  • Competition - Direct - Indirect 
  • Competitive Advantage 
  • Management 
  • Financial Overview - Income Forecast - Cash Flow Forecast - Balance Sheet Forecast 
  • Financing Plan 
  • Exit Strategy 
  • Appendices 
  • Management Resumes 
  • Footnotes to the Financial Forecasts


Your online stock trading business will have similar sections with sections more related to trading specifics.

 

 

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