Developing a Trading Plan: Your Personal Blueprint for Purposeful Trading

18/08/2025
Author: Shaharia
A clear plan turns wandering into purpose. Your trading plan is a promise—to your goals, to your discipline, and to your future self.
Define Your Goals
Are you trading for extra income, long-term growth, or skill-building? Clear intent becomes your compass.
Entry & Exit Rules
Know when to enter, when to exit—whether riding a breakout or cutting a loss. Concrete rules save you from emotional impulses.
Risk Protocol
How much to risk per trade? Where to place stops? How much to let winners run? Decide now—before emotion clouds judgment.
Schedule & Routine
Choose your trading times. Day or swing? Morning or evening? Routine helps you act, not react.
Review & Reflect
After each trade, journal: what worked, what didn’t, what feeling you had. Growth blooms from reflection.
A trading plan isn’t stiffness—it’s clarity. It protects you when markets confuse and guides you toward consistent confidence.