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13 Core Investment Principles: Create and Implement a Playbook

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Create and Implement a Playbook

An investment playbook is your plan, your roadmap, your decision tool, and your journal. If you can be honest with yourself and keep a playbook, you will most certainly become a great investor.

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Adam Straseske, CMT
••1 min read

This week we are looking at Create and Implement a Playbook.

An investment playbook is your investment plan. It is your roadmap. It is your guide. It is your decision tool. It is your journal. It is your daily results. It is your key tool in understanding yourself and your investment strategy.

This is important because you want to be able to tell what is working for you and where you are messing up. There are only about 10 MAJOR investment mistakes. If you could simply eliminate those mistakes, you would be way ahead. The playbook helps you to determine whether-or-not you are making those mistakes.

The playbook also encompasses your investment routine and how you did in implementing said routine. It has all your rules for buying, selling, position sizing, timelines, etc. The playbook helps you to identify the ‘perfect’ opportunities while forgoing the not so perfect trades.

The playbook is simply your investment process and the results of the process. If one can be honest with themselves and keep a playbook, they will most certainly become a great investor.

13 Core Investment Principles

Ask yourself what you really wantAssume responsibility for all actionsKeep it simple and consistentClearly understand the risk / reward ratioCouple every buy decision with a sell decision ahead of the transactionLearn to waitLet go of EGOThe trend is your friendBe a stoic investorIgnore the news mediaABL – Always be learningCreate and implement a playbookKnow yourself to know the market
Adam Straseske, CMT

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Adam Straseske, CMT

Content creator and writer sharing insights and stories.

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