Trading Plan Template


362 ratings



Tim Wilcox (timsk)

27 Apr, 2005

in Getting Started and 2 more

In order to succeed as a professional trader, it is often said that the aspirant must treat trading "like a business". As with many of the clichéd phrases that litter the metaphorical trading floor, the importance of this statement is often overlooked, or the meaning misunderstood.

The following article by Tim Wilcox aims to address these problems by examining some of the ways in which a trader might go about achieving this vital goal.

It is divided into two sections: a general overview of what constitutes a trading plan and why it is prudent to have one, followed by a detailed analysis of the various aspects that should be considered during its creation, for example, the importance of self-awareness, discipline and risk management. Though the article is aimed principally at novices, traders of all standards are likely to find something useful within its pages.

Since the "Trading Plan Template" is considerably longer than our other articles, we have provided it as a pdf document, both for convenience and to preserve the original layout. Please click the link below to download it.

File Type: pdf Trading Plan Template

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Excellent work

Good afternoon. I want to translate this articles into Russian. Can I do it?

Sep 30, 2017

Member (1 post)

Very well put !Trading success is 20 % skill 80 % psychology

copy from plan

5. Know Yourself, Know Your Purpose
5.1 Almost any professional trader will tell you that the key to success in the markets
lies in understanding your own psyche. (Understanding the psyche of fellow traders,
collectively referred to as ‘sentiment’, is also an invaluable tool). Many inexperienced traders
are unprepared for the violent assault on their thoughts and emotions at the start of their
careers. They soon find their heads spinning with euphoria when winning (greed) and the pits
of their stomachs knotted with anxiety when losing (fear). Contrast this with many
professional traders who, it is said, achieve a sort of trading nirvana, whereby their thoughts
and emotions blend into a sea of calm regardless of whether they are winning or losing. Their
heads do not spin and their stomachs do not churn – ever. For you to achieve this exalted
state, you will need to know yourself and how you will react to both winning and losing
positions. Once armed with this information, your trading plan can incorporate some of the
positive aspects of your psychological make-up and filter out some of its negative aspects.

Apr 29, 2017

Member (3620 posts)

Can we use this for our Forex clients?

Hi eliteeservices,
I/we appreciate your courtesy in asking the question - thank you!

The Trading Plan Template is free for anyone to download. If you're going to promote it in some way to your clients, then we would request that you include a link to T2W. Anything positive you may wish to add about the site - is entirely at your discretion. ;)

Sep 16, 2016

(6753 posts)