I have been trading for a few months but often feel lost making decisions.
A solid trading plan would make me more consistent.
Does anyone know where I can find a simple template? I attempted to create my own, but it did not work out.
Here’s what every trading plan needs:
• How you’ll pick assets
• Position sizing rules
• Entry signals
• Where to set stop losses
• How to take profits
Log your trades daily and check your weekly numbers.
Templates rarely help in trading. Focus on creating your own plan. Choose one asset you are familiar with, decide your risk per trade, and clearly outline your entry and exit rules. Spend your first week just on this. Many overthink and become indecisive when markets shift. Stick to three straightforward rules that you can implement when you trade with real money.
Building a trading plan isn’t as hard as it looks. You just need a few key pieces.
Start with your risk tolerance, then nail down entry signals you can actually recognize. Set clear exits for both profits and losses.
One-page plans often work better than complicated spreadsheets. Check it weekly and tweak what’s not working for you.
Stick to 2% risk on each trade. Keep notes to track your progress.
Making my own plan? Complete disaster. Lost $200 in month three because I had no structure whatsoever.
What turned things around: I wrote down three rules and stuck to them. Entry signals, exit points, max daily loss. Keep the notebook right next to my computer.
Start simple, then build on what actually works for you.