Trading Plan Development — Complete Guide

Entry Criteria (ALL must be met):
□ Higher timeframe trend direction confirmed
□ Key level identified (S/R, OB, Fib)
□ Entry signal present (candle pattern, indicator)
□ Risk:Reward minimum 1:2
□ No high-impact news within 30 minutes

Exit Criteria:
□ Take Profit: At pre-defined target level
□ Stop Loss: At pre-defined max loss level
□ Time Stop: Close if no movement within X hours
□ Manual: If thesis invalidated by price action

Lot Size = (Account × Risk%) ÷ (Stop Loss pips × Pip Value)

Rules:
- Never exceed maximum lot size regardless of signal
- Reduce size during drawdown periods
- Account for correlation when multiple positions open

Pre-Market (30 min before session):
□ Check economic calendar
□ Review higher timeframe bias
□ Mark key levels on charts
□ Check overnight moves

During Session:
□ Wait for setup criteria
□ Execute plan (no improvisation)
□ Manage open positions
□ Journal each trade immediately

Post-Market (15 min after session):
□ Review day's trades
□ Screenshot setups (taken and missed)
□ Update journal with notes
□ Identify improvements

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         MY TRADING PLAN
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Trader: [Your Name]
Date Created: [Date]
Last Updated: [Date]
Account Size: $[Amount]

MARKETS: [List markets]
STYLE: [Scalp/Day/Swing/Position]
TIMEFRAMES: [Entry TF] + [Bias TF]
SESSIONS: [London/NY/Asian]

ENTRY RULES:
1. [Rule 1]
2. [Rule 2]
3. [Rule 3]

EXIT RULES:
- TP: [Method]
- SL: [Method]
- Time Stop: [Hours]

RISK RULES:
- Per trade: [%]
- Per day: [%]
- Per week: [%]
- Max positions: [Number]
- Stop after: [Number] losses

DAILY ROUTINE:
[Describe your routine]

REVIEW SCHEDULE:
- Daily / Weekly / Monthly

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