Your trading plan | TradeLiga

The lesson in full

Pilots run a checklist before every take-off, even on calm days. A trading plan is your checklist, written before the market can rush you.
A trading plan answers four questions before you click: what, when, how much, and where out.
What and when: the markets and setups you trade, your hours, and the news you avoid. Example: "EUR/USD only, never in the 30 minutes around big US data."
How much: your risk as fixed numbers, which set your position size. Example: "Risk 1% per trade. Stop for the day at -3%."
Where out: your stop loss and target, set before you enter. When price hits either one, the plan decides, not your mood.
Common mistake
Myth: "I'll decide once I'm in the trade." Reality: in a live trade, fear and greed are at their loudest. Decisions made before you enter are the calm ones.
Key takeaway
Write the plan, follow it, and use your journal to improve it. A plan you don't follow is just a wish.

A trading plan is written... Before you tradeIts job is to make decisions while you're calm, before money is at risk.
"How much" in a plan means... Risk per trade and per dayIt sets fixed limits, like 1% per trade and 3% per day, so one bad day can't hurt you badly.
When should you decide where your stop goes? Before enteringOnce a trade is losing, moving the stop is tempting. Deciding first takes that temptation away.
Your plan says no trades around big US data. NFP is out in 10 minutes. You... Wait until it's outThe plan already made this decision. Your job is to follow it.