Are Trade Plans Really That Important?

The Schwab Trade Plan WorksheetNow that youve seen how a trade plan can help you find, assess, and implement trade ideas while also honing your trading skills, put together one of your own with our handy worksheet. Get started >The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. Examples are not intended to be reflective of results you can expect to achieve. Past performance is no indication (or "guarantee") of future results. Schwab does not recommend the use of technical analysis as a sole means of investment research.©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. (1117-7C43)Warren is able to recognize which types of trades are his strengths and which he should avoid.Jimmy keeps getting stuck in bad trades.“Not a bad profit,but I see where I can improve.Well, well, well,looks like Telecom’s back in an upswing.Identifying your strengths and weaknesses can help you improve your trading over time. Learn more about a new Schwab tool that helps you gain insights into your trading. The Gain/Loss AnalyzerReveal insights about your own trade performance with this Schwab-exclusive tool. Review key success metrics, see the history of your trades, and customize timeframes for a deeper look at how you trade.