Trading Plan Template

This is a discussion on Trading Plan Template within the Educational Resources forums, part of the Commercial category; Originally Posted by frugi "Seek freedom and become captive of your desires. Seek discipline and find your liberty." --Frank Herbert) ...

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Old Aug 4, 2006, 12:19am   #46
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Quote:
Originally Posted by frugi
"Seek freedom and become captive of your desires. Seek discipline and find your liberty." --Frank Herbert)
Hi Frugi,
I haven't visited this thread in yonks and came across your post which both surprised and delighted me. Surprised because it is old and I hadn't read it before (more on this in a mo'). Delighted because it's an excellent post and my vastly inflated ego was chirping away in the background saying b******s like "he wouldn't have posted this but for the template" etc, etc. . . Anyway, please forgive my rudeness in not directly quoting you, but Mr. Herbert instead. Wise words indeed. Having read your post, I was struck by a sense of deja vu, because I'm sure that I'd read Sandpiper's post which follows yours. My acknowledgement in post No. 41appears to confirm this! Anyway, I've moved on since January (haven't we all) and, maybe, your post resonates more with me now than it did then for some reason.

At one point you urge me to open a journal; something that dbp has been especially keen for me to do for a long time. (Not just me obviously, but any serious 'wannabe' traders). I'm not especially interested or influenced by astrology but, that said, I am a Sagitarian. One of the characteristics of Sagi's is to fire off arrows hither and thither. These can lead to many exciting avenues that others never discover or, often as not, they can lead to a cul-de-sac! Viz a viz trading, more the latter than the former - sadly! Well, in some respects, I question my Sagitarian instincts and only go down a particular path if I'm reasonably convinced in advance - or very early on - of the merits of the particular route in question. With regard to journals on a BB like this one, it takes a particular kind of person to open and maintain one - and benefit from it. I would only ever seriously entertain the idea if I could understand precisely why I was doing it and what I and others would gain from doing so. So far, this has not been explained to me to my satisfaction.

In writing the Trading Plan Template, I attempted to provide a clear structure with sound reasoning that most people could follow. A 'step by step' approach. In theory, anyone who skim reads it - let alone completes it - will understand the purpose and value of having a trading plan. That was the objective, it is for others to decide how successful it is. For me, the same applies to journals. I'm sure all of us have folders on our PC's (Mac's) with notes, charts and pithy quotes from BB's etc. But this is a far cry from leaping into the dark unknown of an online trading journal on a BB devoted to trading with 50,000+ members like this one! That said, I take my hat off to those that make that leap.
Thanks again for your excellent post,
Tim.

Last edited by timsk; Aug 4, 2006 at 8:35am. Reason: Spelling and stuff
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Old Aug 30, 2006, 3:57pm   #47
 
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Quote:
Originally Posted by timsk

In writing the Trading Plan Template, I attempted to provide a clear structure with sound reasoning that most people could follow. A 'step by step' approach. In theory, anyone who skim reads it - let alone completes it - will understand the purpose and value of having a trading plan. That was the objective.
Tim.
Hi Tim
Thank you so much for putting in the time and effort to write this excellent article. It is of immense help to me, giving me purpose and structure in my own efforts.

Any chance of a follow up with a journals template

Thanks

Don
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Old Aug 30, 2006, 5:59pm   #48
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Originally Posted by don_h
Hi Tim
Thank you so much for putting in the time and effort to write this excellent article. It is of immense help to me, giving me purpose and structure in my own efforts.

Any chance of a follow up with a journals template

Thanks

Don
Hi Don,
Thanks for the kind words; I'm glad folks are still finding the template useful. As for a journals template, I think that's more dbp's territory than it is mine! In the meantime, this may be of help if you haven't already come across it. FWIW, all articles by Brett Steenbarger are well worth reading, IMO.
http://www.trade2win.com/knowledge/p...-work-for-you/
Cheers,
Tim.
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I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
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Old Sep 3, 2006, 10:22am   #49
 
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Simply Marvelous!
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Old Nov 5, 2006, 11:09pm   #50
 
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A real good piece of work Tim. Thank you so much. It was a very good excercise in forcing out the tough answers about my trading style and myself.

I really appreciate your valuable contribution in writing this template.... :-)
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Old May 3, 2007, 6:23pm   #51
 
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Trading Plan

I see all the messages about the Trading Plan,
but can some one direct me to the place
where I can download this Plan.

Thanks
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Old May 3, 2007, 7:10pm   #52
 
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here you go ct

http://www.trade2win.com/knowledge/a...plan-template/

cheers

jon
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Old Oct 18, 2008, 2:30pm   #53
 
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simple but comprehensif, great job!
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Old Oct 21, 2008, 10:53am   #54
 
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Thank you Tim for such an excellent result of the task you set yourself back in 2004/5. I am grateful for your invaluable Template, since it has become the sole source for the construction of my own plan. Furthermore, I appreciate your degree of detail which I am now determined to abide by. In particular I should like to emphasise the value I found in Sections 1, 2, 3, 5, 6, 14 & 15. Congratulations & a wish for your continued inspiring gardening !.
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Old Apr 21, 2009, 12:26pm   #55
 
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Has the template been updated?
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Old Apr 22, 2009, 10:04am   #56
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Originally Posted by TheRumpledOne View Post
Has the template been updated?
Hi TRO,
No - not yet, not by me anyway!
It's now 4 years old and it's high time that it was updated and, as the author of the original text, I guess I'd be the obvious person to do it. In principle, I'm happy to do this if members want it but, in order to do a half reasonable job, I'd like to canvass opinion from the membership as to what needs updating! The original document was a collaborative effort, based on members offering their views as to what needed to be addressed by the template. If peeps want to repeat this process and offer constructive comments as to how the template could be improved, that will give me something to work with when the time comes.
Tim.
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I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
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Old Apr 22, 2009, 10:59am   #57
 
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What great work!!!! Can I link it to my web pages? I think it is great as a lot of my clients are beginners and although I give them power point presentation when they join and phone them to train them personally, your work is totally focused and to the point.
Let me know if I can use it.
Thank you.
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Old May 22, 2009, 8:07pm   #58
 
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Thank you for sharing this incredibly comprehensive document. I've struggled for years and procrastinated to create my trading plan - not knowing where to begin and uncertain about what to include or exclude. I'm grateful for your gift.
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Old May 28, 2009, 8:45am   #59
 
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Great article Tim. Here's my attempt at following your guide (in 2 parts because the T2W blog wouldn't let me post it as 1 entry): Part 1 - http://www.trade2win.com/boards/blogs/fishhero/5470-trading-plan-part-1.html

Part 2 - http://www.trade2win.com/boards/blogs/fishhero/5472-trading-plan-part-2.html

Any feedback would be much appreciated
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Old Dec 2, 2009, 7:22am   #60
 
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There is no link for the template ? any ideas where its gone ?
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