Game / Market Specific Plan

The game-specific issues that your business plan should address are:

• Adapting your skills to the specific game / market types you will operate in – There are different skill levels and skill types required to play at different game types e.g. limits in Texas Hold’em poker.  In investing the parallel is adapting your skills to the specific market and securities that you decide to trade in.

• Accumulating your bankroll to the specific game types you will play in – Lower limit games will have different (lower) bankroll requirements to play.  In investing the parallel is acquiring capital that is sufficient for the specific market and securities that you decide to trade in.

• Deciding on your limit / investment size movement plan – This will dictate how you will move up or down limits according to the rate at which your skills increase and the rate at which your bankroll increases. This is one of the most crucial elements of your whole business plan because it is the area that the majority of players neglect to consider.  Similarly, in investing moving up the amount of investment per trade too quickly is likely to reduce the value of your investment portfolio.

• Game selection plan – This will describe in detail how you decide to enter a game based on the number of players, level of betting, and other relevant factors.  The corresponding plan for investing is how you decide on whether or not to invest in a particular market given prevailing conditions and expected news.

• Game playing plan – This dictates how you will actually play in the games that you select to join.  The investment parallel is a plan for how you will conduct each investment / trade that you select.