Building a trading plan
A trading plan is a decision made in advance, in writing, while you are calm. That is its entire value, and it is why it has to be specific.
- ✓ 14 lessons
- ✓ 14 minutes end to end
- ✓ Free in the app
- ✓ No sign-up to start reading
"Trade the trend with good risk management" is not a plan, because it cannot be broken. "Long only above the 200 EMA on the 4H, 1% risk, stop below the prior swing, no trades within 30 minutes of a red-folder release" can be followed or broken, and that is what makes it useful.
These lessons turn a vague approach into rules with an explicit invalidation, plus the review cadence that keeps the plan honest.
Intermediate lessons 7
- Defining Your Trading Edge
- Setting Realistic Goals And Expectations
- Choosing A Market And Timeframe Focus
- Building Rules Around Trading Sessions And Volatility
- Defining Your Risk Tolerance And Capital Allocation
- Creating Rules For When Not To Trade
- Documenting And Reviewing Your Trading Plan Over Time
Advanced lessons 7
- Writing Clear Entry Criteria Rules
- Exit Rules: Stop Loss And Take-Profit Frameworks
- Position Sizing Models
- Risk Management Rules At The Portfolio Level
- Handling Drawdowns And Losing Streaks
- Trading Plan Backtesting Basics
- Adapting Your Plan To Changing Market Conditions
Guided paths that use these lessons
A path is an ordered run through lessons from several categories, which is how the app presents them. One path draws on building a trading plan.
Building a trading plan: questions
How many trading plan lessons are there?
Do I have to pay to read them?
Do I need a broker account to start?
Take building a trading plan with you
All 14 lessons in this category, plus the other 306 in the academy, quizzes and progress tracking. Free on any MarketPro account.
Not investment advice. Past performance is not indicative of future results.