What Goes In My Trading Plan Flashcards
What’s goes on your trading plan?
Personal development is important
Trading routine
What do you do before your start
What do you do when looking for a trading opportunity
What do you do while trading
What do you do after trading
What do you do during reflection
Hours of operation
When will you trade
What session will you trade
When is your pair most active
Analysis timeframe
Trading bias
Identify potential setup opportunities
Gain big picture
Monitor active trades
See maximum risk stop
Entry time frame
Trigger time frame
Minimal stop
How comfort are you at losing money?
What is your attitude about risk
How much money do you risk on each trade?
Position Sizing Rules:
Define the number of positions you will trade at a given time
Risk management rules
Limit up: rules for when your up
Limit down: rules for when your down
What will you do when you reach your threshold
When up what do you do?
When your down how will you rehabilitate yourself
What do you do with your stop loss when in a trade
Before you get in a trade
While you are in a trade
If then contingencies
How to scale out: if losing reduce position size by x%
How to scale in - if winning increase position size by x%
When to get in a trade
When to get out a trade
