Trading is a business and it must be treated as such. The reason companies like Walmart and McDonald’s succeed is that they consistently follow their business plan. They have a strategy in place and the only time they deviate from that strategy is when it is planned out ahead of time. Adjustments are made when economic conditions change, when trying new ways to increase profits, or if part of the plan isn’t working. Richard D. Wyckoff was a successful stock trader from the early 1900's and developed a “business plan” of hi... read full review »