WickCheck / Trading school / Trading plan
Trading planBeginner
Your written rules: what you trade, when, how you enter, exit and size, and when you stop for the day.
What it means
A plan turns trading into something you can measure. If the rules are written clearly enough, they can also be backtested, which is exactly what WickCheck does with plain-English rules.
How to spot it
- If two people can read it and take the same trades, it is a plan.
Common mistakes
- Rules like "enter when it looks strong" that cannot be checked.
Related terms
BacktestRunning a strategy's exact rules over historical data to see how it would have p…Trade journalA record of every trade with the reason, screenshots, result in R and how you fe…Position sizingChoosing the trade size so a stop-out costs a fixed amount, usually a small % of…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.