Comment on Mr Consistent returning incredible returns
Karuna,
In essence, you are right but there is much more to a trading plan. Lets see the key features.
1. Reason for trading this year – very important
2. Markets to trade – this will include instruments and thier corresponding size
3. Trading strategies for various mkts mentioned in #2
4. Execution methods — this section talks about entries and exits
5. Any other misc trading rules like no new trade on expiry, etc..
6. Drawdown rules
7. Personal life and Health – like hitting gym, playing, trekking, weekend parties
8. Office setup – should include backup plan for everything including electricity, internet, PC
9. Yearly goals (if any) – personally, i don’t keep trading goals.