The Complete Trading System

Before trading a real or demo account, a trader should write out a full and complete trading plan. The trading plan should be robust in that it accounts for all possible outcomes of a trade. If a trade is profitable, a loss, or stagnant, the trader should have a plan in place. Below are listed the main topics every complete trading plan should address.

The Complete Trading System
1. Markets - What markets will you trade? Be specific. Define criteria for how you will select a trade.
2. Lot size - How many lots will you trade?
3. Entry - When will you buy? Define a specific point that you will know to trade.
4. Exit - When will you exit the trade? List both a stop loss and a profitable exit point.
5. Participation - When will you trade? List your trading hours.