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Trading Plan
Why Trading Plan?

How to Prepare?

Trading Plan
•What are the major things to do?
•Skills required for trading
•Why do I want to be a Trader
•What sort of a Trader am I

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Trading Plan
•Trading Goals
•Markets/Instruments I will trade
•Tools of trade
•My Strengths and Weaknesses
•The right frame of mind to trade

Trading Plan
•Daily pre - market routine
•General Market conditions
•What I will do hour by hour
•Drawdown and profits - what will I do
•Analysis of trades
•Positions open

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Risk and Money management

•My attitude towards risk
•Sector risk
•Overall market risk
•Broker and Hardware risk
•Strategy Risk

Risk and Money management

•Risk Reward Ratio
•My risk per trade
•Where will I place stop loss orders
•When will I stop trading

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Successful Trading
•Determination of position size
•Exit strategy
•Losing trades - will I quit before stop loss is hit
•Signals that would tell exit early
•Signals that will tell exit completely
•signals that will tell exit in half

Trade strategies, setups & Entries

•Which strategies will I trade
•My setups
•How will you find your setups

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After the market closes

•Questions to ask after winning a trade
•Questions to ask after losing a trade
•Steps to learn more about trading
•Promises to myself

Trading Plan
•Plan your trade and trade your plan

•Prepare your plan now

•Work hard and be successful

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