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“Stick to the plan”, the best strategy for long term investing

Autor: Financial Market
Timp de citit: < 1 minute

“Stick to the plan”, it’s a critical aspect of making profitable trades and removing your emotions from the decision-making process. And it’s equally important when investing for your long-term goals.

Unfortunately, planning for the long term can sometimes be a blind spot for traders, who will quickly map out their short- and immediate-term trade plans, but fail to give the same attention to other financial objectives.

The good news is that traders are in a prime position to remedy this. Many of the disciplined processes and strategies that trading requires can be applied to long-term planning, as well.

Here are five ways to incorporate your trading habits into your broader financial plan.