Pre-Trade Checklist and Printable Trade Plan

State the decision in plain language

Name the instrument and the time frame. Write the observation that would make the idea worth reviewing, not a promise about where price will go. A plan such as “review after a completed daily bar” can be checked later; “this must rise” cannot.

Record the circumstances that would invalidate the reason for the plan. This can include a price condition, changed information, or the expiry of a time-based premise.

Make the money assumptions explicit

Entry, stop, target, quantity, point value, and total round-trip costs create a two-outcome calculation. The plan reports the modeled stop loss and net target profit using the same conventions as a written calculation.

Costs are charged once to either alternative outcome. The stop outcome assumes execution at the entered stop price. These numbers describe the plan’s assumptions, not a guaranteed maximum loss.

Use the checklist as a record, not a score

The five boxes record whether you reviewed risk, exit rules, costs and liquidity, scheduled events, and existing exposure. A checked box says only that you marked the item. It does not prove the check was accurate.

The worksheet can be generated with open items so that missing work stays visible. Even five out of five is not approval to place a trade. Avoid turning a completeness count into a confidence rating.

Review the hypothetical default plan

The default long scenario enters at 100, stops at 95, and targets 110 for 10 units with a point value of 1 and costs of 2. It produces a modeled loss of 52 or a net target profit of 98.

Every checklist box starts unchecked. The output therefore records 0 of 5 completed items. The sample text is a format demonstration that you can replace with your own conditions.

Keep the first version for comparison

Generate the plan before changing the assumptions in response to an outcome. Print or save the displayed page, or download the CSV where the interface provides that action. The calculation itself does not store a journal.

After the planned review time, compare what happened with the original reason and exit rule. Separate an execution mistake from a losing outcome that followed the written plan; a result alone does not explain decision quality.

Keep sensitive details out of a shared plan

Use a symbol or generic label instead of account numbers or broker credentials. The tool needs only the values and notes shown in the fields.

If you share a printout or CSV, review the notes first. This worksheet does not need Telegram access, a brokerage login, or order permission to provide the calculation.

What this tool does not calculate

• Checklist completion measures recorded review items, not trade quality or suitability.
• The payoff model assumes exact entry and exit prices with fixed entered costs.
• This worksheet does not execute, monitor, or store a trade.