14.2Your Operating Plan
- ·What the capstone plan must contain
- ·Why vague fields are rejected
- ·How the plan is maintained
Your trading plan must specify, without vagueness:
- ·instruments and sessions
- ·regime filter
- ·setup definition
- ·entry and confirmation rules
- ·stop, target and invalidation
- ·risk per trade and loss limits
- ·review cadence
The plan is a living document reviewed on a fixed schedule.
A plan that cannot be followed by someone else is not finished.
'Trade when the setup appears' fails. 'Trade XAUUSD long during London after break and retest with momentum confirmation' passes.
Examples use historical or illustrative data only. They are not live market signals.
Complete the capstone trading plan. Every field must be specific.
A trading plan field is acceptable when it is:
The plan should be reviewed on a fixed schedule.
- 01Seven required plan sections.
- 02No vague fields permitted.
- 03The plan is reviewed on schedule.
Educational content only. Nothing here is financial advice or a recommendation to trade. Trading involves risk of loss, results vary between individuals, and past performance does not indicate future results. Only capital you can afford to lose should be exposed to market risk.