Trading Plan - What should be included and how to improve it.

[lingriiddd]

I have been failing same like many traders are failing these days for same reason. Not having a plan and clearly defined when to trade , when not to trade and didn't have set barriers when to stop. Always wanted to make more. Yes it sounds boring and restrictive. But you will either lean on plan or on impulses.

Everything start with visualization of how your trade setup should looks like. You should know what exactly you are looking for and describe it as much as possible for example:

🧩 Basic Concept
Im looking for the fake break out of the range. Whether we call it manipulation or Stop hunt. It really doesn't matter. The idea is that once big candle is created it creates fomo and break out traders are entering continuation. I trade against them.

Bullish continuation setups
Model 1 - Entry after manipulation - 50% target
Model 2 - Entry on pullback on level between 61.8 - 80%

Bearish Continuation setups
Model 1 - Entry after manipulation - 50% target
Model 2 - Entry on pullback on level between 61.8 - 80% pullback

This is your strategy, your pattern you are looking for in the specific situations and market conditions.

Trading plan
is how, when and where , you are going to execute it. It's also good to describe your step by step process, so you remind it to yourself. I suggest to read it before every trading session. Especially beginners or if you adopted a new strategy. Describe every trade element as much as possible. With experiences you will be improving and shaping it. It has to be as simple as possible.

[Nahid Hossen]

A good trading plan reduces emotional decisions instantly.

[Abdul Khan]

Clarity + risk rules = long-term trader survival formula.