How do I build a trading plan?
There are two parts to a trading plan, the financial rules and the second which is the criteria required for you to enter or exit a trade. The financial rules should include your career stop, which is the maximum you will invest in yourself to become a trader (the same as any potential business) and once set this should not be broken. Create an Excel sheet and begin that figure, then deduct the deposit you send to the broker to open your account and then deduct any further payments you need to make to top the account up. If it reaches zero, STOP! Go back on a simulator for at least 6 months or until you can produce consistent results.