Many People, excited by the opportunities presented in the markets, leap before they look. Some people find temporary success “winging it” or learning as they go. However, more often than not, that approach results in massive drawdowns, despondency and closed trading accounts. Newcomers to the markets, and even those who have already started trading (even successfully), may find themselves reading this article and thinking “What does this chap mean by…?” or I ever thought of that”. If that’s the case, you may very well benefit from the time investment required to thoroughly learn your trade, study all the tools available, and design a business plan before expanding your activity in the markets. Here, Chris Terry offers an outline for designing a business plan with the elements required for a successfull career trading.