Hello everybody - how are you . I would like to discuss the perfect trading plan together with you. The goal is to work out a system for custom made trading plans and providing as many trading plan templates as possible. I hope you join this thread and share your knowledge on the perfect trading plan design.
Cheers - Hannes
Here is a first list of 10 Questions which belong into a trading plan:
- Why would you like to be a trader ?
- Which are your top 10 trading rules ?
- Which are your trading goals and why ?
- What kind of trader are you ? (position-, swing-, intraday-trader, etc.)
- Which currency pairs do you want to trade ?
- Which timeframes will you use ?
- How do you prepare before each trading session (pre-session routine) ?
- How do you finish each trading session (post-session routine)?
- Which are your risk- and money-management strategies ?
- Which are your actual trading-strategies: Chart-setups, entries, exits
Please write your comments.
The book “Come Into My Trading Room” by Dr. Alexander Elder has a good section on trading plans, as do several other books.
I’ve attached a sample .doc that I obtained (I can’t remember where). You can simply modify it to fit yourself.
Thanks for the list.