Trading Plan
A trading plan is a comprehensive set of rules that govern every aspect of a trader's approach — what to trade, when to enter, when to exit, how much to risk, and how to respond to different market conditions. A trading plan converts a trading strategy into an operational rulebook.
Why it matters for traders
A trading plan removes discretion from the trading process, reducing the impact of emotions. Traders who follow a written plan consistently outperform those who trade based on intuition, because the plan forces them to only take high-quality setups.
How Tradapt tracks this
Tradapt's Playbook feature is where you document your trading plans. Each playbook entry defines your setup criteria, entry triggers, stop placement, and target levels — and tracks your adherence and performance against each plan.
Track this free in TradaptFrequently asked questions
What should a trading plan include?
A complete trading plan includes: which markets and instruments to trade, your specific entry criteria, stop loss rules, take profit rules, maximum risk per trade, maximum daily loss, and rules for when to stop trading.