A trading plan should include:

Risk management and goals. A complete plan covers goals, risk rules, strategy, sessions, and review process.

Building Your Trading Plan

Your personal roadmap to profitability

A trading plan is a written document that defines exactly how you trade. Without one, you're gambling.

Your trading plan should include:

1. Goals: What are your monthly/yearly return targets? Be realistic (2-5% monthly is excellent).

2. Markets: Which instruments will you trade? (Stick to 2-3)

3. Timeframes: What timeframes will you analyze and trade on?

4. Strategy: What specific setups do you trade? Define exact entry rules.

5. Risk Rules: - Max risk per trade (1-2%) - Max daily loss (3-5%) - Max weekly loss (5-10%) - Maximum open positions

6. Trading Sessions: When will you trade? (London? NY overlap?)

7. Review Schedule: Daily, weekly, monthly reviews

8. Psychology Rules: When to stop trading (after 3 losses, after big win, etc.)

Write it down. Print it. Put it next to your screen. Follow it.

Pro tip: Your trading plan is a living document — review and refine it monthly.

Pro tip: Share your plan with a trading buddy for accountability.

Common mistake: Having a mental plan but nothing written. Better: Write your plan down. Vague mental rules break under emotional pressure..

Common mistake: Making a plan too complex with 20 rules. Better: Keep it simple — 10 clear rules max. You need to follow it in real-time..

A trading plan should include: Answer: Risk management and goals. A complete plan covers goals, risk rules, strategy, sessions, and review process.

Educational content, not financial advice.