Sample Trading Plan

My Trading Affirmations

 I am a professional trader.
 I approach the market as a business owner and not a gambler
 I deserve to make money and I appreciate that the only way I can do this in the
financial market is to get out of my own way, develop and refine my skills and
there is no one else to blame for me losing money than myself.
 This is a zero sum business and therefore I understand that I must approach the
markets consistently and work on my edge every single day.
 This plan dictates what a good trade is, not my opinions or emotions.
 I owe it to myself to no one other than myself to live a prosperous life.

Daily Routine & Rituals

 I wake up each morning at 4:30am GMT

 I Spend the first 30 mins of my day in meditation of some kind
 I make myself a coffee at 5:00am
 I begin my chart analysis and daily predictions at 5:15am
 I take notes of potential trade set ups and highlight important structure zones on
my chart.
 I actively trade the markets between __:__ and __:__
 I check active trades __ times per day
 I carry out my post market analysis at __:__ and journal my trades

TIERONETRADING
 My Approach to the Market

 I am a technical trader and I used price action to identify trading opportunities.

 I do not use fundamentals or news events in my analysis of the markets unless_____.
 I trade Monday-Friday during the New York trading session only.
 I DO NOT trade between the hours of __:__ and __:__
 I trade on the 15 min chart, and I used the 60 min chart for my high time frame
confirmation.
 I do not place new trades 15 minutes prior, and 15 minutes following, major news
events.
 I do not hold positions over the weekend. My rules for closing open positions are
_____
 I trade a 6 market portfolio of (EURUSD, USDJPY, GBPJPY, AUDUSD, EURJPY,
GBPUSD)
 My correlation risk rules are _________

Platform and Broker

 I use the Ninja Trader 8 charting package to place my trades and conduct real-time
analysis.
 My Forex trading account is serviced by (insert brokerage here)
 The direct phone number for the trading desk at my brokerage is 123-456-7891

Money Management

 The starting capital for my Forex live trading account is $10,000.

 I will employ a smoothed-ratio money management strategy.
 I will begin by trading 2 lots per target, and I will not increase my position size until
my profits have exceeded 10% of my starting equity.
 My weekly acceptable draw down is 8% of my account equity.
 My monthly acceptable draw down is 15% of my account equity.
 If my drawdown exceeds my maximum allowable, I will stop trading and reevaluate
my system.

TIERONETRADING
 Rules of Engagement – SET UPS

Emergency Rules

 If I have a power failure, I __________

 If I lose my internet connection, I __________
 I DO NOT trade if I am emotional following an argument, family issue, road rage etc
and I gauge if I am ready to approach the charts by _________
 I will start trading again once I have ___________
 If I am hosting a party and likely to be intoxicated, I will ____________

TIERONETRADING