Smart Trading Plans

A Step-by-step guide to developing a business plan for trading the markets

Trading is a business and, and as with any business, those businesses who survive and thrive have a business plan in place. Smart Trading Plans guides readers through defining and documenting a trading plan which applies to their individual trading business. Smart Action Steps and example plan elements are included to guide readers through and illustrate the process of developing a plan. Smart Trading Plans guides readers through the following: Creating a trading system Developing a trading routine Selecting the right trading tools Entries, exits and trade management Understanding risk and money management Developing a profitable mindset Strategies for trading Complete with useful trading tips and bonus planning templates (available at www.smarttrading.com.au), Smart Trading Plans is essential reading for all savvy traders.

Did I follow my trading plan? In my early days of trading I had a self-awareness
journal that I would write in at the end of each trading day, answering the above
questions whenever I closed out a trade. This is how I came to recognise my
weaknesses and understand my patterns, as outlined in chapter 2. Your goal with
this analysis is to identify and understand where any weaknesses may lie in your
trading so that you can learn to overcome these and turn them into strengths. It is
easy ...