10 Tools for Creating a Trading Plan

Today, we want to share a few tips about creating a plan. We want to especially highlight some of the tools available to you as a TradingView member.

1. Use our free Paper Trading tools to see what it's like to manage money. Open the Trading Panel to get started. You can find this button at the bottom of your chart. Paper trading is important because you can test and manage your trades or investments in a simulated environment. You don't have to risk any real money.

2. The Long and Short Position Tools are how you plan a trade before risking any real money. The tool is located on the left-side toolbar of your chart. Select the tool and then plan your trade. More importantly, visualize it on the chart. Set an entry point, stop, profit target, and define every aspect of risk management.

3. Note taking is essential for working through your ideas. You can write notes directly on the chart using the Text tool. Note taking helps you think more deeply about your trading process and easily share that with others for feedback. Here's an example:
4. Find trades that fit your criteria and style rather than chasing news or big moves. Use the screener tools to find perfect ideas. Are you a momentum trader? Swing trader? Long-term investor? All of these approaches can be refined with our Screener tools. Create custom scans for stocks, forex, and cryptocurrencies.

5. Read the Education section to learn about new concepts and strategies. Each day, traders and investors from around the world publish long-form research about markets to the Education section. It is open to everyone and free to use. See the education section here. We've also included some examples below:

How to chart advanced calculations

The importance of backtesting

6. Publish your ideas and get instant feedback from everyone. There is no better way to learn than with others. To Publish an idea, click the Publish button located at the top-right of your chart. Fill out some basic information and write a thorough description. Once you've published your idea other traders and investors can comment, like, and send feedback.

7. Save your charts and research so that you never lose your work. Organization is a key component to any trading plan. If you're drawing on your charts, taking notes, and analyzing price you want to ensure that your work is saved and easy to find. Click the cloud icon at the top-right of your chart to save it. Use the dropdown next to the cloud icon to name your chart and open other charts you've saved.

8. Take your charts, watchlists, and research anywhere with our free mobile app. Everything synchs perfectly from desktop to mobile. You only need an Internet connection. One useful tip is creating multiple watchlists and organizing them to your needs. Take your watchlist anywhere and follow your plan.

9. Use the calendar and events tools to keep track of upcoming events. You never want to be caught surprised by an earnings report or major economic event. On the right-side toolbar there is a Calendar button. You can also add Earnings, Dividends, and Splits to your chart by opening your Settings and selecting them in the Events menu. They will appear as icons near the bottom of your chart.

10. How do you plan your trades or investments? Leave a reply in the comments. Together, we can share ideas in the comments, meet new traders to follow, and build a list of helpful tips. There's no better way to learn than working with other people. We hope you enjoyed this post.