Developing a Trading Business Plan - and $1000 Giveaway

Hi guys,
Here's an interview with Scott Beck of the Trader's Business Plan on the how and the why of developing a trading business plan.

There's also a giveaway of related goodies worth $1000 US - so if you're interested enter the draw: How to Write a Trading Business Plan

And if it isn't your cup o' tea, then please fwd to friends who are starting out and may be interested.

Good trading!

I checked out the website and to tell you the truth, i thought it looked **** the moment i opened the web page. The company uses scare tactics to induce people to buy their products '9 out of 10 trades will fail and you can find out how to be a winner' .... Practically forcing noobs to take the course in fear that the information they give is neccesary to success.

To conclude. Let me guess, you get paid as an affiliate when people buy on the site or sign up for a free seminar, hence why you asked to forward to our friends...

If you have something to share, try it yourself before asking others to make money for you, because its likely they'll waste their money and time... The added pressure of spending money on a course means in trading they are 'down' and the pressure to retrieve that lost money will be their down fall.

x

Halo,
Thanks for your comments. I understand where you're coming from. So let me clear up a few things.

The interview with Scott has a lot of good info for traders starting out. We both point out some pitfalls to be avoided as well as some concrete things that they should do. So even if people decide to not even take a chance and enter the draw, that is sit on their hands and do nothing more than read the article, they come out ahead because they've learned a thing or two.

And if they do decide to enter the draw, what have they lost exactly? They've gotten 4 free trading videos and a chance to win a $1097 prize package for free. Yeah, that's just despicable! I can't believe I have the gall to pull a stunt like that! ;-)

In any case, 'forcing noobs'? How can a website 'force' someone to do anything? I guess we have a different understanding of people's intelligence. By the way, the '9 out of 10' statistic is actually being kind. I would have said 99 out of 100. As the military says, failing to plan is planning to fail.

Scott helps people by first, making sure they realize this (because believe it not, many dont!) and second, walking them through the process and guiding them so they avoid making mistakes that most new traders make. He doesn't sell signals or a 'get rich quick scheme'. He's an experienced instructor who has seen thousands of traders and knows from experience what differentiates the few that make it and the many that don't.

Also, the reason I recommend Scott is that I have tried his services. Do you think I would do so if I didn't? The same thing for the raffle of membership to Jason Goepfert's sentimentrader site I did a while back and the many trading books that I've raffled off to readers for free. I don't know how else to award such valuable products and sevices other than through a random draw. If you have a better idea, I'm all ears.