A trading plan turns scattered ideas into a repeatable process. Without one आप're gambling; with one आप can measure, review and improve. This is where the Foundations and Charting skills come together.
What a plan must define
Your markets and timeframes, your setup (the exact conditions for a trade), entry and exit rules, position sizing, दैनिक loss limit, and the hours आप'll trade. If आप can't write it down, आप can't follow it.
नियम before emotion
The plan exists to make decisions before money and adrenaline are on the line. कब a trade is live, आप execute the plan — आप don't renegotiate it. That separation is the whole point.
समीक्षा and iterate
A plan is a living document. जर्नल your trades, review साप्ताहिक, and change rules deliberately based on evidence — never impulsively mid-trade. Process improvement is how edges are built.
Key takeaways
- Define markets, setup, entries, exits, sizing, loss limit and hours.
- Make decisions in the plan, before money and emotion are involved.
- जर्नल, review साप्ताहिक, and change rules by evidence — not impulse.