Trading Plan.

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EMini-Player

I'm working on writing up a proper trading plan. Do any of you currently have a written trading plan? If so, could you post it here (don't have to fully disclose your strategy, unless you want to)?

I just want to get an idea of what kind of format a trading plan should follow and just get some ideas on how I should proceed.

Thanks in advance!

-FastTrader :cool:
 
My plan is to buy low and sell high. I am trying hard to stick to it, however sometimes I have to take a loss. I usually dont come to ET board if I am making profits. Being here is a psychological relief when I lose money on a trade or two.
 
Quote from estrader:

My plan is to buy low and sell high. I am trying hard to stick to it, however sometimes I have to take a loss. I usually dont come to ET board if I am making profits. Being here is a psychological relief when I lose money on a trade or two.
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So, today must have been another down day for you :D

-FastTrader :p
 
Quote from Fast_Trader:


So, today must have been another down day for you :D

-FastTrader :p
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No. I today was a cooling off day so I did not trade, after two stupid trades yesterday. I lost because I violated my own plan of buying low and selling high.
You know, the hot stove effect.
 
I won't share my entire business/trading strategy plan, but here the outline that I use:

1. Core Methodology - Statement of purpose

2. Trading day preparation and processing information -
including book-keeping activities, real-time data, charts used
and their layout, description of indicator tools used for trading.

3. Primary trading times - when not to trade

4. List of different market conditions, how I define them and how
I trade each condition.

5. Specific entry and exit criteria - describing specific price and
indicator action required - with chart examples of each setup.

6. Methodology management - money management

I also keep a journal with current examples of my specific trade setups that I can refer to while reviewing my recent trading activity.

Good trading,
BF
 
Quote from Fast_Trader:

I'm working on writing up a proper trading plan. Do any of you currently have a written trading plan? If so, could you post it here (don't have to fully disclose your strategy, unless you want to)?

I just want to get an idea of what kind of format a trading plan should follow and just get some ideas on how I should proceed.

Thanks in advance!

-FastTrader :cool:
More...


Here is the outline I wrote and use.
 

Attachments

Quote from Fast_Trader:

What? No one has a plan? :confused:

Plan the trade, trade the plan :confused:
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They've been posted here a few times in the past.

Use ET search menu in the upper right corner to find them.

NihabaAshi
 
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