Trading Plan
Live Trading Plan
Your Funded Trader
Trading Plan
Rules-based, emotion-free, and built for passing prop firm challenges. Follow every section before, during, and after each session.
Daily Pre-Market Checklist
Complete all 4 checks before placing a single trade
High-Impact News Check
Verify CPI, FOMC, NFP, or any red-folder event on Forex Factory. Avoid trading 15 min before and after high-impact news.
Mental & Physical Readiness
Am I calm, rested, and emotionally neutral? Had enough sleep? No stress or anxiety? If NO — skip trading today.
Daily Max Loss Limit Reminder
Max daily drawdown is 5%. Calculate the exact dollar amount right now and write it down. Do NOT exceed it under any circumstance.
Market Bias Clarity Check
Do I have a clear HTF directional bias? Have I identified key liquidity levels, order blocks, and areas of interest on H4/D1?
Prop Firm Rules Tracker
Know your limits before every session — no excuses
Max Daily Drawdown
5%
Hard stop — no exceptions
Max Overall Drawdown
10%
Cumulative from start balance
Max Daily Trades
2–3
Quality over quantity always
| Rule | Limit | Recommended | Status |
|---|---|---|---|
| Risk per trade | 2% max | 0.5% – 1% | ✓ Safe |
| Daily loss limit | 5% max | 2% – 3% | ✓ Safe |
| Overall drawdown | 10% max | Stay under 6% | ⚠ Monitor |
| Trades per day | No hard limit | 2 – 3 max | ✓ Disciplined |
| Stop Loss required | Always | Before entry | ✓ Mandatory |
| Min RR Ratio | 1:1 minimum | 1:2 or better | ✓ Profitable |
| Trading during news | Avoid red folders | Close trades 15m before | ✕ High Risk |
SMC Execution Rules
Follow this exact sequence — every trade, every time
01
HTF Setup — Liquidity Sweep & Order Blocks
Start on H4 or Daily. Identify where liquidity sits — equal highs/lows, previous session highs, sell-side or buy-side pools. Wait for price to sweep that liquidity before looking for a reversal. Mark your valid order blocks (the last up/down candle before an impulsive move).
02
LTF Confirmation — MSS / CHoCH on 1M or 5M
Drop to 1M or 5M after price reaches your HTF order block. Wait for a Market Structure Shift (MSS) or Change of Character (CHoCH) — this confirms the reversal. Do NOT enter before this confirmation appears. Patience here separates professionals from gamblers.
03
Risk Alignment — Position Size & Lot Calculation
Before entering, calculate your exact lot size based on your account balance, stop loss distance in pips, and risk percentage (max 1%). Never guess your lot size. Use the Pipsify Pip Calculator to get the exact position size instantly.
⚡ Calculate Lot Size Now →
Emotional Stop-Loss & Session Invalidation
These rules override everything — including your analysis
1
2 Consecutive Losses
If you hit 2 losses back-to-back, your session is OVER. Close all charts, step away, and do not return until the next session. Your edge is gone when you're emotional.
2
Daily Profit Target Reached
Hit your daily target (e.g. 1%–2%)? Stop immediately. Greed destroys funded accounts. Protecting gains is just as important as making them.
3
Approaching Daily Drawdown Limit
If you're at 3%+ daily loss, stop now. Do not try to recover. Passing a challenge takes weeks — blowing it takes one bad hour.
4
Feeling Revenge or FOMO
If you catch yourself wanting to "make it back" or chasing a move you missed — that's your signal to close the laptop right now.
🔒 The Golden Rule:
When any trigger above fires — close charts, lock your platform, and walk away.
No override. No "just one more trade." Your account's survival depends on this.
When any trigger above fires — close charts, lock your platform, and walk away.
No override. No "just one more trade." Your account's survival depends on this.
Ready to execute your plan?
Use the Pipsify Pip & Lot Size Calculator to get your exact position size before every single trade. Risk the right amount — every time.
⚡ Open Pip Calculator