Trading glossary
Trading Plan
A trading plan is a written set of rules that defines when you enter, when you exit, how much you risk and how you review your trading. It turns discretionary decisions into a testable system. The plan is only useful if you can measure how well you follow it, which is exactly what a journal provides: record what you intended, compare it with what you did, and identify where emotion or impulse broke the rules. In Traders Vault you can log your intended setup and execution per trade and review rule adherence over time.
What is Trading Plan in trading?
A trading plan is a written set of rules that defines when you enter, when you exit, how much you risk and how you review your trading. It turns discretionary decisions into a testable system. The plan is only useful if you can measure how well you follow it, which is exactly what a journal provides: record what you intended, compare it with what you did, and identify where emotion or impulse broke the rules. In Traders Vault you can log your intended setup and execution per trade and review rule adherence over time.