CTM Worksheet
Table of Contents
Trading Strategy Worksheet
Visuals
Candlesticks
Up Color: Green, hollow candle
Down color: Red, filled candle
Indicators
Stockonomy Day Trading Levels Script: Pre-Market High & Low, Previous Day High & Low
Trade Style
Momentum Day Trader
No interest in trading chop
Only hold overnight if remaining size is risk free on 1D breakout
Trading Timeframes
1 Min, 3 Min, 5 Min, 10 Min
Bullish vs Bearish Bias
Trending or “Perky” VIX
Stockonomy “MOVE” scores
Entries
Enter at support for calls and at resistance puts above or below PMH, PML, PDL, PDH in direction of trend
Exits
Support break and resistance touches for calls, opposite for puts
Loss of trend or during long consolidations, renter on direction of breakout
Caught on wrong side of VIX, Market Trend
Ticker Watchlist
AMD, AAPL, AMZN, META, QQQ
Option Contract Selection
DTE between 1-5.
Delta > 0.40
My A+ Setup
Find your ideal trade setups. Your perfect, A+ setup in ideal conditions. Use as many examples as needed as long as they are the same, exact setup.
My Trading Rules
Answer the questions below honestly to help you develop your trading rules.
Tell me about yourself in < 3 sentences.
What are your strengths?
What are your weaknesses?
What do you struggle with?
What are you good at?
Do you like to gamble?
Are you risk-averse?
Are you impatient?
My Trading Rules
- Max Loss = 5% of Account
- Always trade with stop market order at max loss; can always re-enter
- No indicators; just PDH, PMH, PDL, PML
- No entry first 5 minutes of open
- Trade with the trend. If caught on the wrong side, just close. Don’t fight VIX.
Pro-tip: Write your trading rules down on paper every morning before entering your first trade. Pen and paper creates a deeper memory than typing.
My Risk Management
Account Size = $ 2,000
Account Risk per Trade = R = 5 %
Max $ Risk per Trade = (R) x (Account Size ) = $ 100
% Risk per Trade = 20 % (Stay between 10-30%)
Max Position Size = (R) x (Account Size)(% Risk per Trade) = $ 500
Options Trade Example
*Premium is multiplied by 100 for position sizing
Entry
$1.00 premium
Stop Loss
20% Stop = $0.80 premium
Risk per Trade ($)
$0.20 premium
Position Size
$100 / $20 = 5 Contracts = $500
My Trade Journaling
Log your trades daily.
- Date
- Ticker
- Call / Put
- DTE
- Delta
- Risk
- # Contracts
- Avg Entry
- Actual Stop
- Avg Exit
This will keep you on track and will hold you accountable. If you do this properly for 30 days you will learn a lot about your trading and will be surprised at what really matters when it comes to PnL.
I will enter my trades at market close at 3pm CST (when) using TradeDash App.
My Workouts
Monday
Lift: Upper Body
Tuesday
Lift: Lower Body
Wednesday
Pickup Basketball
Thursday
Lift: Upper Body
Friday
Lift: Lower Body
My Playbook
The remaining pages of this document should be used as your own trading playbook. For each page include a screenshot of your perfect trade. Include Entry, Exit, Stop Loss.
Keep setups that work and setups that don’t work. This is where progress is made.When you’re struggling or unsure, you should be able to refer back to this.
Examples:
Opening Gap Up – Long
Opening Gap Up – Short
Opening Gap Down – Long
Opening Gap Down – Short
Previous Day High Breakout
Earnings ATH Breakout
