How to Create a Trading Plan | Step By Step Guide - Part 1

How to create an trading plan using options and futures! This step by step guide will help get you started on your trading journey!

Take the time to develop YOUR own plan using these guidelines and ideas and it will help you become more consistent and profitable in your trading!

In part one, we cover goals, the Greeks and risk rules.

The second part is your trade rules and position/strategy sizing.

Part three will include the specific trade strategies I used to generate over 80% returns last year.

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Whether you are a seasoned trader or just starting your journey, this video will provide valuable insights and recommendations on which trading strategies to add to your portfolio. With the right trading plan, you can achieve your financial goals over time.

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DISCLAIMER:
Not Financial Advice, this content is for Entertainment and Educational Purposes Only. All financial decisions made by the viewer should be done after talking with a licensed professional.

[kapilram]

Thank you very much Tom King for your wonderful initiative in sharing your insights on a well-disciplined and time-tested plan. much appreciated step-by-step guidance, cheers!👌

[tomgraham]

Tom, excellent presentation. I appreciate your contributions!

[gmt]

Tom...great channel. Tremendous value in your informative videos.

[markjaffe]

Tom,
I really like your "noncomplicated" approach to trading. I have been in options for less than a year. Here's a simple question. How can I determine how much delta and theta I have in a trade. If I look at the deltas and thetas in my monitor column they dont make sense to me in turns of my net liquidity.
Mark

[lobsterstrange]

Why 30 percent buying power? To limit over trading?

[tejassheth]

Thank you for detailed presentation. However for your suggested LT112 strategies, max loss on naked puts as well as the whole 4 legs of the options will be very high (For example even for SPY at furthest OOM strikes around $350, theoretical max losses will be around $70000). Would that not be in violation of the first risk rule? I cannot imaging having a trading account where 2% of total portfolio is $70000.

[srizlyv]

what indicators do you use? I join a forex class, in the nfc community using the iTrend indicator. thanks for the video, very useful

[TaeWooKim-eept]

When you say delta neutral, are you referring to delta neutral PER underlying type? i.e. if you had bunch of positions open on /GC, /ES, /CL, etc., ONLY those trades in /ES (together) would be delta neutral... not your entire portfolio (of /gc, /es, /cl, etc.)

[joewilkinson]

Hi Tom, I just came across your channel... Outstanding!... As a total options beginner, where would you recommend a trader to start...?