Create a Trading Plan – Step by Step
A trading plan is the foundation of every profitable trader. Here you'll find a clear guide to create your own.
The 6 Building Blocks of a Trading Plan
A good trading plan answers clear questions. Here are the most important building blocks – step by step.
Market & Instrument
Define which markets and instruments you trade. Forex, stocks, futures or crypto? Focus on 1-3 markets that you truly understand.
Strategy & Setup
Describe your setup precisely: What conditions must be met for you to enter a trade? No vague "looks good" – but clear rules.
Risk Management
How much do you risk per trade? Maximum 1-2% of your capital is the rule of thumb. Define your maximum daily risk and your maximum drawdown limit.
Entry & Exit
When do you enter? When do you exit – in profit and in loss? Define entry, stop loss and take-profit before you place the trade.
Trading Hours
When do you trade? Define fixed trading hours. The AI shows you at which times you're most profitable – and when you should take a break.
Journaling & Review
A plan without review is useless. Define how often you analyze your journal – daily, weekly, monthly. FlowTrader AI automates the review process.
These Mistakes Make Most Trading Plans Useless
Too Vaguely Worded
If your trading plan says "I trade with the trend", you don't have a plan. You have a wish. A plan needs concrete, measurable rules.
No Risk Management
A plan without risk management is a recipe for ruin. Define exactly how much you're allowed to risk per trade, per day and per week.
Never Reviewed
The best plan is useless if you don't review it regularly. Your plan must evolve with you – FlowTrader AI helps you with that.
Your Trading Plan – Digital and AI-Powered
Instead of a PDF template you never look at again: a living system that compares your plan with real data and shows you whether you're sticking to it.