Ray Barros at the Blog for Trading Success recently treated readers to one of the best examples I have ever seen of a freely offered trading business plan at the conclusion of his post entitled “Routine and Habits: The Trading Plan“.

He provides a brief commentary and sample outline for readers to consider when completing their own business plan for their trading endeavors.

Regular readers here know the value I place on trading plans, but I also offer the advice to keep them simple, especially if you have a more detailed version. In a sense, you want to develop a quick “action plan” that helps guide your decisions which prevents you from being bogged down by too much information.

I do recommend endeavoring to compose a more lengthy plan which addresses many of the points Mr. Barros discusses.

Read over the template and review the sample trading plan Ray has provided you – it comes attached as a MS Word Document.

Many thanks to Ray for sharing his plan with us to ponder and give us inspiration as we write our own!