FLIPPING MARKETS

TRADING PLAN

PLANNER
You MUST include the following points
in your trading plan.

1: Trading Goals
Set your short-term and long-term trading goals

If you've achieved some of your goals, make sure to

set new goals. Never ending cycle

These goals will help you stay motivated

Can be anyhing you want them to be. Mentary and

or Educational

2: Trading Strategy
What strategy are you going to be using to achieve

your goals?

Focus on one strategy, one community, and master

it.

Working with lot of different strategies puts you in

a disadvantage right away, and can cloud your

mind.

Remember: Less is more! "I fear not the man who

has practiced 10,000 kicks once, but I fear the man

who has practiced one kick 10,000 times."

3: Trading session + pair
This point is similar to the 2. point. Only trade pairs

which you've tested before, and know the

characteristics of the chosen pair.

The same rule goes on for the trading session too.

Only trade in that specific session, which you've

been tested before.

Example: New York killzone, EURUSD pair. /

London till lunchtime, GBPUSD pair

4: Criterias for each entry type

You have to make a plan (entering and exiting

points) for each entry type you use.

How many criterias are going to be enough for you

to pull the trigger? How many missing criterias will

force you to stay out?

Example: Flip entry -> I need a .... and .... to enter,

and I'm going to pass on the trade if the .... misses.

(replace the words with your criterias [for example

IFC, HTF mitigation, LQ sweep] )

5: Risk management rules
What is your percentage risk per trade in pro and

counter trend?

After how much loss in a day will you stop trading?

Hard TPs

Weekly/monthly targets in %

6: How do you plan on growing your

account?
If you're trading on your own capital; how much of

the profit are you going to withdraw? Will you

increase your trading capital from other sources

(saving, salary)? Reinvesting your profits?

If you're trading with a prop firm; what are you

going to do with the payouts? Growing your own

trading capital from the profits? Reinvest the

profits to another source of income (crypto, etc.)?

7: Backtesting / forward testing / learning

Set a date(s) on each week for your backtesting.

On every sunday plan the date of your backtesting

session. This date should not be postponed, and it

has to be kept. This rule forces you to be

consistent.

Every trading problem of yours could be fixed with

a backtesting session. Without backtesting, you

won't improve. DO IT.

 8: Journal your trades
Logging your trades can help you identify problems

within your performance and forward test your

strategy at the same time to build more data on it.

What problems are you running into? Make a plan

to fix it!

Example: journal your losing trades. 8/10 losses

were caused by liquidity ignorance. You know that

you have to pay more attention to liquidity.

Forward test liquidity scenarios, until you master it.

1 month later only 2 out of 10 losses were caused by

liquidity ignorance. The rest were caused by

ignoring the pro/counter trend. Now you know that

you'll have to work on it. This goes on until you

master every single concept.

this plan was created with the

assistance of: rsantos