Example Trading Plan
Please use this as a foundation for your own plan
My personal trading plan by YOUR NAME HERE ___________________________________
( COPY PASTE THIS TEXT TO A WORD DOCUMENT- FORMAT IT- AND USE IT AS A STARTING SPOT- YOU MAY ALTER THIS PLAN- THIS IS AN EXAMPLE)
The goal of my trading is to supplement my income for the next 3 years until I retire. During year one, I will make sure I have practiced and finalized my plan and will work to be profitably trading live money by month 4. Nexgen education is extensive, so it will take 2 months to learn all the setups and another 2 months of practice to perfect my plan. I am in no hurry; I want to do this correctly the first time.
I need to make $200,000 annually by year 3 to replace my current income and retire. I want to make $100,000 annually in year 2. I want to make $50,000 year 1 during the last 6 months of the year. This means I need to average $417 per day after costs. Assumes 20 trading days per month*6 months =120 days.
I will commit $10,000 towards my trading account. I will trade 2 contracts with a goal of $220 per contract per day on average. If I make more than this, I will readjust my year 2 and 3 goals if needed.
I will start on the simulator then move to micro-contracts MCL($100 to trade 1), MES($50 to trade 1) Once profitable for at least 3 consecutive months, I will move to big contracts. My primary market to day-trade is crude oil futures. The current cost per contract is $2000 to trade 1 contract. I will watch the E-mini S&P market $500 to trade as a secondary market. *NOTE: when opting to trade micro futures, do your analysis on the "big" contract. Set up one tiny chart for executing the micro-futures. This will allow your analysis to be generated by those market participants with enough money to dictate the market.
I will commit 5 hours per day to trade and study M-F and spend 3 hours on Saturday or Sunday doing market replays and refining my trading goals. I will post pictures in class, and using my trade tracking sheet to document each trade I take is vital to my plan’s maturation over time.
Trades I will take are High or Medium probability trend trades only with 10-ticks minimum room to target. Trend trades, HVA trades, and “continuation of trend after small triggers cross in favor to resume the trend which, are also known as “second chance” entries. EXAMPLES TO FOLLOW in the examples section.

Trading Rules

Trend Trades (primary focus) When executing a trend trade, my focus will be on all charts possessing very favorable trigger lines. I will also enter as close to support or resistance inside 5-1 large triggers as possible.
HVA trades (when ready to add)
My trades will allow me to meet and exceed my daily goal of $417 per day trading two contracts.
Management of trades: daily max loss will be $400 per contract - trailed from highest profit achieved intraday and will stop trading. Any more will be hard to recover from, so I must strictly adhere to this rule!
Profit targets. (until account size is doubled with real money) - all profit targets will be 10 and 20 ticks. My stop will move to break-even + 1 tick at 10-ticks of profit. Once my account doubles, I will re-evaluate taking more profit on each contract as the market conditions dictate. Click here to set up targets in Ninja Trader.
Since my first target is only 10-ticks $100, and my management is quick to move to break-even, using the trades I have specified in my plan, very few times will I need to “manage out” of my trade.

Exit Conditions and Examples(please add yours)

At profit targets that are pre-set.
Three divergences – especially when the 3rd divergence creates a “head and shoulders” look by being higher or lower than the 2nd divergence. https://www.screencast.com/t/iIJHPQRG If the 8-range small triggers roll and 5-1 chart has divergence- exit trade. https://www.screencast.com/t/IFAAExjrSxV Any higher or lower divergence combined with the wrong trigger direction and or background colors must be managed out of when trigger lines are weak or failing and divergence is true.
YOU MAY REMOVE THIS DISCLAIMER FROM YOUR TRADING PLAN IF YOU WISH- READ IT FIRST!
CFTC and HYPOTHETCIAL DISCLAIMER
Last modified 1mo ago