Trading plans by nature must be unique to each trader. Traders who match their trading plans to their personality have a much higher chance of success.
Within PlayMaker, you can pick a plan that is right for you. For experienced traders, you can use your historical metrics to help you set the right plan to help you improve.
For less experienced traders, you can start with a simple set of defaults so that you can track your early trades.
You have complete control over your plan, and can update it any time.
There are 3 parts to your Trading Plan:
Your Money
Your Mind
Your Metrics
Money is how you ensure you use your capital as effectively as possible. By linking the amount you risk per trade to each days trading account balance, you can make your trading capital work better for you. Dynamic money management means adjusting down when your trading is having a bad period, but also adjusting up to take advantage of the good periods.
Mind helps protect your emotional reactions. Setting simple rules to help curb or avoid emotional trading helps reduce the number of large negative outlier trades that can make a big dent in trading capital.
Metrics is how you focus on improving your risk reward, your win rate and your disposition. We call these mastery goals. Improving these metrics will naturally lead to improved returns. Focusing on metrics will develop better discipline. It will also help you to cope better with losing trades, as well as not get over confident with winning trades.