What should a trading plan include?
Everyone says I need a trading plan. What does a good one look like?
For education only. This is not financial advice. Trading carries a high risk of loss.
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1 Answer
Best answer
A good plan is short and specific enough that you can follow it without thinking:
- Your goal and how much time you have
- The markets, pairs and sessions you will trade
- Your setup: the exact conditions to enter
- Risk per trade and maximum daily or weekly loss
- Exit rules: stop loss, take profit and how you manage the trade
- What you do after a losing streak
- Journal and review schedule
Write it down, print it and test it on a demo account before you trade it live.
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