Trading Plan
MY TRADING PLAN
Why do I trade?
I trade to generate additional income in addition to my full-time income.
I trade to use my savings productively instead of having them on the savings account, where they will
lose in value due to inflation.
Which goals do I have?
My goal is to make $200,000 until I retire in 20 years.
My goal is to earn around $15,000 in 2 years so I can replace my car.
Which instruments do I trade (stocks and shares/cryptocurrency spot market, CFDs, Futures,
Options, …)?
I trade cryptocurrency futures.
I trade cryptocurrencies (spot)
Which markets do I trade (stocks and shares, cryptocurrency, precious metals, forex, oil and gas)?
I trade cryptocurrencies: BTC/USD, ETH/USD
I trade mainly altcoin cryptocurrencies: DOT/USD
I crypto pairs: BTC/ETH
I trade forex pairs: EUR/USD, GBP/USD
Which time frames do I trade?
I trade the daily time frame
I trade the 1hr time frame
Trading Plan
When do I trade?
I trade cryptocurrencies between 8:30am – 5:00pm, every day
I trade US stocks between 9:30am – 5:00pm, every Monday.
Which setup do I trade?
I trade 1-2 setups and use the Elliott Wave method
I use the Turtle Trader method
When do I enter a trade?
I enter a trade when the price has pulled back to the 61.8% retracement and I can see a bullish
engulfing candle on the 1 hour chart. I use market orders to enter. I only trade reward to risk ratios of
4 or higher.
I enter a trade when the 20 day high of the Donchian channel is broken.
When do I exit a trade (which profit/loss)?
I close the trade when in profit when the price target has been reached or when the RSI crosses above
70. I close the trade at a loss when the stop level has been reached.
I take partial profits after a price increase of 5%. I take further profits after another price increase of
5%. I close the trade when the stop level has been reached.
What is my trading routine?
Daily routine:
I check my watch list first thing in the morning as well as the most relevant market news. I check
forexfactory.com for important events for today and the following days. I check how the relevant
futures markets are developing. I identify trade setups for today.
I make a break between 12:00 and 12:30 or when I have 3 winning trades in a row, or 3 losing trades in
a row.
Trading Plan
Which loss can I accept (per trade, per day, per week)?
Per trade I risk a maximum of 2% of my portfolio. Per day I accept to lose a maximum of $50 (per week,
per month, …)
Per trade I risk a maximum of 1% but never above $100. Per day I accept that I lose a maximum of
$500.
How much capital do I use per trade?
I use a maximum of $500 per trade.
How do I set my stop losses?
I set my stop losses 2% below my entry point.
I set my stop losses based on 2x the ATR
How do I document my trades?
I document all my trades at the end of the day in my Excel file.
I document all my trades whenever I do something in my Excel file.
How do I educate myself further?
I educate myself by participating in a trading community.
I educate myself by reading educational material about trading, books, etc.
Trading Plan
What do I do if there are technical issues (e.g. laptop broken, internet does not work)?
Have a spare laptop available
Use a phone hot spot
Further remarks
