Money & Risk Management Plan
My Purpose
(Why are you trading? Why do you want to trade? What is your main driver? What do you need
money for? Do you want to support your current income or completely replace it?)
I am trading because (fill the rest).
I want to (Support/Replace) my income. (Why?)
My Financial Situation
My monthly Living Expenses (LE) are: $X. That’s my Need Number.
Therefore, in order to survive, I need to make:
$X per month.
$X per quarter.
$X per year.
From my job, I currently earn: $X per month.
In order to (support/replace) my current income, I need to earn: $X per month.
My Money Plan
Based on my Backtesting/Live Performance, I can easily generate X% per month.
To achieve my Need Number, I need a $X Trading Account.
To replace my Job, I need a $X Trading Account.
In order to achieve my targeted returns and account size, my Current Highest Priority Actions are to:
1. (Focus on processes, specific actions, mindsets, habits, routines)
Risk Parameters
1. I will be risking __ % per trade.
2. My Max Loss per Day is __ %.
 That is __ Losing Trades in a row.
3. My Max Loss per Week is __ %.
4. If my balance falls below __ %, I will reduce my risk to __ % per trade.
 I will trade with the reduced risk only if I am below my drawdown threshold.
5. If my balance increases above __ %, I will increase my risk to __ % per trade.
 I will trade with the increased risk until as long as I am __% in profit.
 I target ___ % per week.
 I’d love to achieve __ % per month.
My current Win Rate is __%.
Timing and Pairs
My Trading Windows are:
From ___ to ___. And from ___ to ___.
My Trading Pairs are:
 (include all your instruments and pairs)
I commit to following this plan strictly. It is my full responsibility to manage my risk and execute on my
trading system flawlessly, without being influenced by emotions.
I know that not every day/week/month will be profitable. I will keep executing my system, while
managing risk flawlessly. In the long-run, I will achieve a positive return.
Sign:
_____________