Investing – Creating Your Own Flop Strategy
You will need to develop your own Investment Flop strategy that will take into account the unique factors of your own investment situation by allowing for:
- Type of market being traded
- Types of securities being traded in your selected market
- Time-frame of your investments
- Profit objectives and maximum loss levels that you have specified
Developing your own Investment Flop strategy should form a major part of your business plan development. You should describe the strategy in detail, writing down what range of flop events can occur and what your response should be to each event type.
It should be an ongoing task that will require constant revision to deal with changes in your investment environment and your own skills. In the same way as your flop strategy will change as you move up limits, your Investment Flop strategy will change as the markets, securities, and methods that you trade with change in response to improvements in your investment decision-making and results.
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