Trade plan
Trading & ordersA written specification of trigger, stop, size, invalidation and event risk before entry.
In plain terms
Written at the weekend so it can be executed mechanically during the week.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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A written specification of trigger, stop, size, invalidation and event risk before entry.
Written at the weekend so it can be executed mechanically during the week.