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Trade Plan Template

This document provides examples of routines and processes that can be included in a trader's daily, weekly, and monthly planning. It suggests developing pre-market, after-market, and weekend routines that involve journaling, reflection, and preparation. Hard rules for risk management with specific percentage limits are also recommended. The overall message is that structure, discipline, and review of past performance are essential for improving trading skills and achieving goals.

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Marco Barrera
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703 views3 pages

Trade Plan Template

This document provides examples of routines and processes that can be included in a trader's daily, weekly, and monthly planning. It suggests developing pre-market, after-market, and weekend routines that involve journaling, reflection, and preparation. Hard rules for risk management with specific percentage limits are also recommended. The overall message is that structure, discipline, and review of past performance are essential for improving trading skills and achieving goals.

Uploaded by

Marco Barrera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Trade Plan Template

● PRE-MARKET ROUTINE
○ Developing routines in our lives helps us to stay on track and reach goals.
○ By analyzing our current routines and making adjustments, we're able to form
new habits. A skill that is rewarded in this business.

Examples:
-Read trading plan
-Read a personal journal entry twice a week and reflect
-Read prior day's trade journal
-Review prior day's trades
-Check economic numbers
-Read playbook
-Mirror reflection
-Pre-market Analysis

● VISUALIZATION/MANTRAS
○ Visualization and Mantras are great tools to include in your morning routines.

Examples:
-Visualize yourself taking a trade and going through all the steps outlined in your Playbook
-I accept that I have no idea what the outcome of any individual trade will be
-I accept that today could be a negative day
-I accept the loss of my next trade financially
-I accept I will get stopped out on trades that reverse and rip in the direction of the setup

● HARD RULES
○ You want to get very specific with some macro rules for your trading business.
They should be reviewed with your accountability partner on a monthly basis at
minimum. I recommend meeting weekly or daily if you're a new trader or not yet
profitable.
Examples:
-3 losing trades switch to SIM remainder of session
-Take a random trade, switch to SIM remainder of session
-Two max loss days back to back, SIM for remainder of week
-No trading outside RTH

● RISK MANAGEMENT
○ You don't need to over complicate your risk management. Below is what I
recommend to my students.
Examples:
-1% max per trade
-3% max per day
-5% max per week
-15% max per month
-Adjust trade size on Monday mornings

IMPORTANT! You should never trade real money until you have proven your ability to be
profitable on a simulated account!

I promise, if you can't make money on a simulated account, you won't do it on a live account.

Don't start trading a live account until you've proven you have acquired the necessary skills to
make money on SIM.

● AFTERMARKET ROUTINE
○ All traders make mistakes. The question is whether or not you will analyze those
mistakes to learn from them? When the trade day ends, you still have work to do.
You should do some journaling and reflection on your execution for the day.
○ Keeping a trade journal of all your trades as well as grading every trade is
essential for growth. Make sure to take screenshots of your trades as well so you
can go back and review them.

Here's a few more examples:


-Complete Scorecard for ever trade taken that day
-Complete journal entry discussing market conditions for the day and reviewing your execution
-Input trades into spreadsheet or whatever you’re using for analytics
-Meditation
-Workout

● WEEKEND ROUTINE
○ On Sunday evenings I have a routine to prepare myself for the upcoming week.

Examples:
-Read trade journal entries from the past week
-Review trades from the past week
-Check sizing
-Goals for upcoming week
-Meet with Accountability Partner

● MONTHLY ROUTINE
○ On a monthly basis you should perform a thorough analysis on your trading
business.
○ Examine your processes and trading analytics, looking where you can improve.
Examples:
-Review trade analytics and make adjustments to strategies
-Backup everything
-Check risk management and sizing
-Write goals for upcoming month

● GOALS/ACHIEVEMENTS
○ The markets are always changing and presenting new opportunities as well as
challenges. Even after 20 years, I still find myself learning new things. Reflecting
on why you started trading in the first place is important. Don’t ever lose sight of
your goals.
○ Keep track of your goals and achievements in your trade plan as you progress as
a trader. You will find it encouraging as you start to see your progress.

Examples:
-Zero random trades for a week
-Average trade score of X for the month
-Chop comma (First $1,000 net day)

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