It’s a new month, and if anything, this is the time to get your goals straight. Because let’s be honest, December’s results start with November’s focus.
To have a delightful December, you’ve got to lock in now.
Minimal distractions, no emotional trades, just structure, clarity, and growth.
This month at iThriveFX, we’re focusing on one thing:
Building trading plans that actually work and ensuring you have the best brains to guide you as you make every decision as regards your trading lifestyle via our [Private Mentorship Program].
Because let’s face it, you can’t hit targets you didn’t define neither can trade consistently without a plan that guides you.
So What Exactly Is a Trading Plan?
Think of your trading plan as your personal rulebook.
It’s not some fancy document; it’s your system for making trading decisions, your “what to trade,” “when to trade,” and “when to stop.”
Without a plan, you’re trading vibes.
With one, you’re trading vision.
Your plan helps you filter out noise, stay disciplined, and build consistency, the true mark of a successful trader.
So let’s break down what every effective trading plan should include 👇
1. Trading Goals; Define Your Why
Before you even look at a chart, pause and ask yourself:
“What’s my goal this month?”
Are you trading to grow your account? To build consistency? Or to simply preserve your capital? Or to have the Detty December, you dream of?
Be clear about your “why.”
Your goal shapes your approach, your risk tolerance, your trade frequency, even your mindset.
At iThriveFX, we always tell our mentees: clarity comes before consistency.
2. Market and Time Frame; Focus Is Power
You can’t trade everything that moves. That’s how you burn out.
Pick your pairs. Pick your timeframe. Master your lane.
Example:
- “I’ll focus on EUR/USD and GBP/USD.”
- “I’ll analyze on the 4H and enter on the 1H.”
That is structure. And structure saves you from chasing setups that don’t align with your system.
3. Entry Rules; Your Green Light Conditions
Before you click Buy or Sell, what conditions must align?
Maybe it’s:
- A break of structure in your direction,
- EMA confirmation for trend strength,
- RSI alignment showing momentum.
Whatever your rules are, write them down.
If your setup doesn’t meet your checklist, you don’t enter. That’s how you build discipline one filtered trade at a time.
Remember, the goal is to trade with clear vision and structure to attain the best results.
4. Risk Management; The Real Lifeline
Here’s the part most traders skip and guess what, it cannot be overemphasized, it’s the one that keeps you in the game.
Ask yourself:
“How much am I willing to lose per trade?”
If your answer isn’t clear, your account isn’t safe.
The 2% rule still saves lives, risk small, trade smart. Risk management doesn’t just protect your capital, it protects your mindset.
Before we continue, let’s take a moment to understand the 2% rule
What Is the 2% Rule in Forex Trading?
The 2% rule is a risk management principle that says:
Never risk more than 2% of your total trading capital on a single trade.
It’s not about how much you invest, it’s about how much you’re willing to lose if the trade goes wrong.
Let’s make it practical:
If your trading account is $1,000,
2% of that is $20.
That means no matter how “perfect” a setup looks. You should not lose more than $20 if the market moves against you.
So, when placing your trade, you calculate your lot size and stop loss in a way that if the trade hits stop loss, your loss equals $20 (2% of $1,000).
That’s how you stay in control.
The 2% Rule works because it keeps you in the game, protects your emotions; small risks mean calm decisions, not panic trades.
It also builds consistency and discipline, two things every profitable trader swears by.
Because in trading, survival is success.
Now back to what every trader needs…
5. Trade Management and Journaling; Learn From Yourself
The plan doesn’t stop after you enter the trade.
It continues with how you manage it.
- Where’s your stop loss and take profit?
- Do you move SL to breakeven after a certain point?
- How do you record and review your results?
Every trader wants growth, but few study their trades.
Your journal holds the answers you keep looking for in new strategies.
Check our our post on Building A Trading Journal like Warren Buffet, George Soros Etc.
6. Mindset; The Glue That Holds It All
Even the best plan fails if your mindset is off.
- Don’t chase losses.
- Don’t revenge trade.
- Accept that no setup = no trade.
Your trading plan exists to protect you from you.
When emotions rise, your rules remind you of what matters, consistency over chaos.
November is for Proper Structure, December is for Reward
If you want to end the year strong, start trading with intention now.
This month is about focus, structure, and mentorship.
At iThriveFX, we’re helping traders build personalized trading plans in our November Private Mentorship Program, a hands-on experience where you’ll learn how to:
- Create a trading plan that fits you
- Master risk and trade management
- Develop consistency through discipline
- Trade with confidence and clarity
Detty December in View…
You don’t need to trade more, you need to trade better and that begins with a plan.
So if you’re ready to finally understand your strategy, manage your risk, and grow with guidance, this is your moment.
Use the link to our Private Mentorship page and join the November cohort to stay ahead of the game and trade with precision to a blissful December flex.
Trade with clarity. Grow with structure. Thrive with mentorship.