The MY TRADE plan is a trading plan template that I developed. It is organized into specific categories to ensure that traders have thought through all of the necessary information they will need to create a solid trading plan. The MY TRADE plan has two parts. The first section is designed to answer questions to many important areas for traders. The second part summarizes your answers into concise action statements. These action statements will be your personalized manual to help you trade. The first part of the plan will help you to articulate:
• The market you will trade
• Your trading goals
• The trading setups you will use
• The rules you will follow
• What you will do as you enter, manage, and exit trades
• Your drawdowns, ...