CHAPTER 23
Trading Plan, Routine and Review
The difference between a professional and a hobbyist is not talent: the professional runs the same process every day. This chapter turns that process into a written document.
23.1Why A Written Plan Matters
Rules kept in your head change under pressure; written rules are embarrassing to break. A plan is not only discipline - it decides in advance what you will do, so emotion has no seat at the decision table.
23.2The Six Sections
| Part | What to write |
|---|---|
Markets | One or two symbols, exact sessions (Dhaka), which news hours you block |
Models | The two models you trade, their timeframe set and conditions |
Risk | Percent per trade, max trades a day, daily and weekly loss limits |
Management | TP1/TP2, when to move to break-even, how to trail, time stops |
Rules | No-trade list, kill switches, re-entry rules |
Review | Daily log, weekly numbers, monthly audit |
23.3Plan Template - Copy And Fill
| Field | Example |
|---|---|
Symbols | EURUSD, NAS100 |
Sessions | 13:00-16:00 and 18:30-21:00 Dhaka |
Model 1 | Silver Bullet 10-11 (1m) |
Model 2 | London Judas (5m) |
Risk | 0.5%, two trades a day, stop at -2R |
TP | TP1 1:2 (50%), TP2 1:4 (30%), runner 20% |
Break-even | Only after TP1 is hit |
No trade | After 3 trades, news window, 02:00-05:00 |
Kill switch | Two losses ends the day; -5R in a week means demo |
23.4The Daily And Weekly Loop
| Time | Action | Time needed |
|---|---|---|
08:00 | Bias, PDH/PDL, Asian range, calendar | 20 min |
13:00 / 18:30 | Hunt only the chosen models, two trades max | 2-3 hours |
After the session | R, grade, screenshot, setups you skipped | 10 min |
Friday | Win rate, average R, max DD, rule breaches | 30 min |
23.5Weekly Review: The Six Numbers
| Number | How to compute | Target |
|---|---|---|
Number of trades | Count the journal | 8-10 |
Win rate | Wins divided by total | 40%+ |
Average R | Total R divided by trades | +0.2 |
Max drawdown | Biggest dip in the equity curve | <5% |
Rule breaches | How often you left the plan | 0 |
Skipped A+ setups | Either good discipline or fear | Data |
23.6A Complete Example Plan
Objective: +4R a month with a maximum 5 percent drawdown. Symbols: EURUSD and NAS100. Sessions: 13:00-16:00 and 18:30-21:00 Dhaka. Models: Silver Bullet and London Judas - nothing else.
Risk: 0.5 percent per trade, two trades a day, stop at -2R daily or -5R weekly. Management: 50 percent at TP1, break-even, trail the rest behind 5m swings. No-trade: five minutes around news, 02:00-05:00, after three trades, or when mentally fatigued.
23.7Kill Switches
- Two losses in a row ends the day. No exceptions.
- After breaking a rule, no trading for 24 hours.
- Under six hours of sleep means no trading.
- Never trade from a phone; it causes slippage and wrong lots.
"A plan will not make you rich; it will keep you alive, and staying alive is the precondition for profit."
Educational material only · not financial advice.