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Trading Plan Template

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by Tim Wilcox -  Apr 27, 2005
9.1 (from 87 ratings)

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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Comment on this Article

Recent Comments:
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
fishhero   28-05-2009 03:45:46
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.
ddfarag   22-05-2009 15:07:50
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.
alexa   22-04-2009 05:59:54
Quote: Originally Posted by TheRumpledOne 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...
timsk   22-04-2009 05:04:55
Has the template been updated?
TheRumpledOne   21-04-2009 07:26:40

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