Definition
A plan covers setups, position size, stops, targets and conditions for stepping aside. Having rules ahead of time keeps emotions from deciding in the moment.
Academy › Glossary › Risk & Psychology
A written set of rules for what you trade, when you enter and exit and how much you risk.
A plan covers setups, position size, stops, targets and conditions for stepping aside. Having rules ahead of time keeps emotions from deciding in the moment.
Guides, short videos and a plain-English glossary in one place, with tools to try each idea on real market data. The basics are free.
Create a free accountOpen PDB Academy