24/10/2025
Day Trading Plan Template
Objectives and
Goals
OBJECTIVE:
Generate consistent daily income through short-term trades.
GOALS:
β’ Achieve a daily profit target of [amount) or [percentage].
β’ Limit daily losses to [amount] or [percentage].
β’ Maintain a monthly average return of [percentage].
Strategies
1. TECHNICAL ANALYSIS:
Identify short-term trends and patterns using technical indicators and chart analysis.
2. TRADE SELECTION:
Focus on liquid assets with tight bid-ask spreads and high intraday volatility (for example, Tesla (TSLA), EURUSD currency pairs, e-MIni)
3. ENTRY CONFIRMATION:
Utilize candlestick patterns, moving averages, and momentum indicators for trade confirmation.
Risk
Management
1. DAILY LOSS LIMIT:
Set a maximum daily loss limit of [amount] or [percentage] of trading capital.
2. POSITION SIZING:
Use fixed fractional position sizing, risking [percentage] of trading capital per trade.
3. STOP-LOSS:
Place stop-loss orders [distance] away from entry points to limit potential losses.
Entry and Exit
Criteria
1. ENTRY SIGNALS:
Look for price patterns (e.g., flags, triangles) and indicators aligning with the trend.
2. CONFIRMATION:
Confirm signals with technical indicators (RSI, MACD, MA) and price breakout.
3. SUPPORT/RESISTANCE:
Enter trades when price breaks significant support/resistance levels or trendlines.
4. PROFIT TARGETS:
Set profit targets at [percentage] or [price] above entry, considering reward-to-risk ratio.
5. EXIT RULES:
Exit the trade if it hits the profit target or stop-loss level.
Timeframes
1. CHART TIMEFRAMES:
Utilize 1-minute, 5-minute, and 15-minute charts for trade analysis.