A Simple and Practical Trading Plan Template


Before opening a position each time, ask yourself and clearly write down these 5 points:
Why am I entering? What is the logic?
Precise entry price
Stop-loss price, maximum loss per trade
Target take-profit price, is the risk-reward ratio reasonable?
How much position size to open, if it doesn't meet the plan, just give up
No plan, no opening;
Outside the plan, no operation;
Trigger stop-loss, do not hesitate;
Reach take-profit, do not be greedy.
Many people lose not because of poor skills, but because they never have a real trading plan, making daily decisions on the fly, which is essentially gambling.
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