Risk and Planning

Module 15 — Building a Gold Trading Plan

A plan is written before the market opens and followed while it is open. Yours should answer every question below in one page.

Which sessions will I trade gold in?
Which timeframes do I use for structure, and which for observation?
How do I mark and qualify a level?
What counts as confirmation for me?
What is my fixed risk percentage per trade?
How do I calculate size from my stop?
How do I handle scheduled high-impact news?
What is my maximum number of trades and maximum daily loss?
How and when do I review my journal?

Key concepts

A plan defines market, timing, risk, and review
Daily limits prevent escalation
Rules are written before action

Practical example

A one-page plan states sessions, timeframes, maximum risk, news rules, and review routine.

Common mistake

Writing a plan that contains goals but no decision rules.

Knowledge check

Check your understanding

1. Which statement best captures building a gold trading plan?

A useful plan tells you when to trade and when not to trade.Writing a plan that contains goals but no decision rules.The outcome is guaranteed when the pattern appears.Context and risk can be ignored.

2. Which action best reflects the disciplined approach from this lesson?

A useful plan tells you when to trade and when not to trade.Writing a plan that contains goals but no decision rules.Act first and review the context afterwards.Increase exposure when uncertain.

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