Detailed Trading Plan for Any Stock: Step-by-Step Guide
TradeCraft lets you generate a comprehensive, step-by-step trading plan for any stock. Here’s what goes into every plan and how you can use it to trade with confidence.
1. Full Technical Breakdown
- Trend & Structure: Identifies the current trend and key price structure using moving averages and swing analysis.
- Support/Resistance: Maps out critical levels for entries, stops, and targets.
- Momentum & Volume: Highlights stocks with strong momentum and volume confirmation.
2. Entry, Exit, and Risk Logic
- Entry: Suggested at the first breakout or pullback to support, with volume and trend confirmation.
- Stop Loss: Placed below support or volatility bands, with dynamic adjustment for each stock.
- Target: Based on resistance, measured move, and risk/reward (default 2:1 or better).
3. Trade Rationale & Checklist
- Written Rationale: Every plan includes a summary of why the setup is valid, including technical and market context.
- Pre-Trade Checklist: Ensures you review all key factors before placing a trade.
- Editable Plan: Adjust any parameter and see real-time updates to risk and reward.
Why Use TradeCraft?
A detailed plan is your edge in the market. TradeCraft makes it easy to trade with discipline, clarity, and confidence—no matter what stock you’re trading.