1. Vision of why you are trading and where you want to go. Identify the strategies and tactics
you will use. A trading plan is a tool not just an exercise
2. Select the time you will trade, the time frames you will trade on (long or short term trading).
Then pick out a set up for the ideal trade. Visualize the ideal trade and focus on that type of
trading and ignore everything else.
3. Identify your strengths. When you concentrate on your strengths then your weakness do not
have as much control over you. If you do not find your strengths you will always be scraping for the
pips.
4. Develop your core Strengths. Finding out what your core strengths are and learning how to
have your strengths work for you, will move you toward your goal more quickly.
5. Create a trading picture. The trade journal gives you the picture you need to see where you
are going. Make it simple and to the point. This saves time when you are doing checkups and
accelerates your learning curve.
6. Finding Trades. Use systems and tools to find trades, which will save you time and make you money.
Enter trades, manage trades, exit trades. Then do it again.
7. Money Management. Will help you make more and lose less on each trade. So do not forget MM.
8. Schedule review time. Keep your trading plan simple and review it often, keep it handy to
remind you of what you are trying to accomplish.
9. Understand the numbers. Review where you are at then tweak your trading plan. Do you need more
education? At this point figure out what you need to do to stay on track with your trading growth
plans.
10. Set Time lines. Track actual results against your plan so you can adjust your strategy
as you go and measure your success.
11. Help from a trading expert. Study, attend webinars, watch videos, and consider a mentor.
