Your trading plan need to align with goals and objectives such as percentage of return in specific timeframe. You can use different timeframe to measure your trading goal by divided into monthly, quarterly or annually.

Some of the vital components in developing trading plan for traders are;

1. Recognized buy & sell signals
2. Risk Management
3. Money Management

These vital components from iVSAChart helped traders to remove “greed” and “fear” in the market. Your trading plan will allow you to make decision quickly and provide trading edge over the long-term.

The ultimate goal of trading plan is to allow traders to written it in such a way that it can be implemented by a novice teenager. Before purchasing stocks ask yourself this question “What is the setup condition for this trade?” rather than “What is recommended in the paper today?”