Trading Plan Template

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Article
Beginner
90

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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Trading Plan

Just starting out and doing a lot of reading. Can you recommend/direct me to examples of trading plans for stock traders day trading specifically. Thank you.

Feb 02, 2016

Member (1 post)

Jaco Ferreira;1710454
Hi everyone! New to the Forum. I few weeks ago I downloaded the Trading Plan Template and set about completing it. I have been searching for a long time for something like this, and I am glad I went through the painful, laborious process of completing it. Well, in the end I actually enjoyed it and I think I may have overdone it a bit. But it has opened my eyes to many of the mistakes I made in the past. Anyway here is my version of my trading plan (I added a few bits to it not in the original). Thanks Tim, the template helped me in a big way!


still in the game?

Oct 21, 2015

Member (302 posts)

I've read this pdf guide a few times already and its as straight forward as they come. Funny thing is it always stirs-up my juices and throws me a smart idea or two that I can draft into my own 3 Ducks trading plan straight away.

Well done Tim!

Andy
Captain Currency.

May 24, 2014

Member (817 posts)

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