The most common trading error is not using a trading plan.

Before even starting trading, a trading plan should be developed. The trading plan should definitely include information about when to buy and sell a stock. Especially the selling is important. This is the point where most traders fail. By not determining a selling point before starting to trade.

A trading plan can be quite plain or it can be very complex. This is something that every trader has to determine for himself, if he wants it plain and simple or complex. Mostly a plain and simple trading plan will do. … Read more at Forex Trading System Central