Trading Plan


CFTC Rules 4.41 -  / It should be assumed that these results are hypothetical and simulated. Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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What Markets will I trade?
My focus is solely the ES market. 

What timeframe will I trade?
Daily (RTH hours only) setups via BTS. 
What setups will I trade?
All BTS signals will be considered.
Extra caution will be taken when a BTS signal is at a trendline.

Entry rules:
Once a BTS signal has printed, orders will be placed as LMT, MKT or via the BTSstrategy. No real preference here.

Where will I place my stops?
My stop loss price will always be 1 tick above / below the Signal Bar. A stop above 3 points will need be identified as having greater risk and carefully considered.

Exit take profit (and/or) trail-stop rules?
2 contracts will have a price target of 3 to 6 ticks as dictated by the BTS Bronze line. I have the option to move the stop to the lower bar quarter once first price target (bronze) has been met, but this isn't essential. 3rd and 4th contract price targets will be placed at the Silver and Gold price targets. Trendlines (as profit locations) can supersede the Silver and Gold price targets if I believe price doesn't have the room to get there. Moving the stop to break even after 1.75 (7 ticks) to 2 (8 ticks) points of profit on the remaining contracts is an essential component to BTS and is automated by an ATM strategy.

Risk Management rules:
My maximum trade risk will be up to 19 ticks on 4 contracts. BTS will highlight the risk for stops wider than this by having a red stop line. Additional caution is required for these trades.

Pre-market activities, or routine:
Log in to trading platform if not already running. Review charts for short-term bias. Review future news events and mark them on the charts. Open trading room.

Post-market activities, or routine:
Update Brasco Trading spreadsheet to ensure correct entries/exists are marked. Make nightly video. Clean-up trading platform removing any superfluous chart markups.

What Tools will I use for my trading business?
Dell XPS – trading computer
NinjaTrader 8 – charting platform
Forex calendar for news events
Brasco Trading Spreadsheet for record keeping

Review process:
During my nightly market video review I will address the trades that were stopped out and address the profitable ones.

Continuing Education:
Read one new trading book a month from my selected group of trading (mentors / authors).

Discipline & Mindset notes:
I will abide by the (5) Fundamental Truths & “Trader” Mindset, from author Mark Douglas of “Trading in the Zone”.

  • “Anything” can happen
  • I don’t need to know what is going to happen next in order to make money.
  • There is a random distribution between wins & losses for any given variable that defines an edge.
  • An Edge is nothing more than an indication of a higher probability of one thing happening over another.​
  • Every moment in the market is unique.

My Golden Rules (and/or) Trading Commandments:

  • Be disciplined every day, and in every trade.
  • I will be my own trading “self”, never trading another’s plan.
  • I love taking small losses.
  • I’ll always earn the right to trade bigger.
  • I am not addicted to trading just to see what happens.
  • I only trade high reward setups that have the probabilities in their favor.
  • Be a bricklayer – make the same type of trades over and over again.
  • Once I find a setup, I do not hesitate; once in a trade, I do not over analyze.
  • A Trading Spreadsheet will be kept at all times.
  • Everything I do will be for the success of my business and my trading room 

Fail to plan...

Trading is a risky business. A trading plan defines what is supposed to be done, why, when, and how. It covers your trader personality, personal expectations, risk management rules, and trading system(s). When followed, a trading plan will help limit trading mistakes and minimize your losses. If you do not have a trading plan, in my opinion, you will fail.

Why am I trading?
Trading is one of the most challenging and rewarding professions on earth. The challenge to be successful is surmountable, but only through education, consistency, persistence, having a trading plan, psychology and the right tools. I will continue to overcome the challenges and succeed and prosper in the financial trading arena. This will allow me to govern my own path and destiny without having to rely on anyone else for me or my family’s well-being. 

What is my approach?
My beginning approach is to take advantage of short-term trends in the ES market, while using BTS to identify potential trade entries.

What are my goals?
Daily/Monthly – To never let a ‘planned’ opportunity pass. To follow my trading plan without reservation. I understand my plan has me only hitting “singles” for a large percentage of the time, but “home-runs” will come over time and I will manage them accordingly. Above all else, I will be consistent!

Yearly – To steadily increase my risk amount when my data tells me it is advisable to do so. To continue learning through my day-to-day activities of being in the market and through continued education. To keep trading business expenses to a minimum. To see a steadily rising equity curve!

Long Term – To trade for life! I would like to continue trading my multiple accounts; one for income via day trading, one for wealth via other investment vehicles and one for cash only. This will allow me to continue building up my retirement account.

What are my objectives?

I will always seek to trade with the trend. I will seek to attain no less than a 50% win percentage, with an overall profit ratio of no less than 1.5.