This was a thread on trading plans but I've moved it the the Elite section. Please look there.

You're trading plan looks pretty sound. If I may make a suggestion, you may want to consider implementing a mathematically sound risk/reward ratio. In the last few weeks, this has taken me to a whole other level. In the past my basic idea was to risk 10 ticks and try and at least make 10 ticks as well. I also,when I felt conditions were conducive, would try to stay in for some runners.
The results were some good days and some not so good days. Many of my trades were only 10 tick moves. To win at 1:1 ratio and consistently profit, you have to have a pretty high win ratio.
I discovered on Cl, after SIM trading for a few weeks that I could have a 10 tick stop (due to my precise entries) and have a minimal target of 20 ticks . (about 1:2) I'm averaging about a 60% win rate right now. But even at about 40% losing 6 out of 10 trades, you can still be very profitable. If you calculate some examples you'll see what I mean.

I'm not suggesting you have the same targets and stops as me, but if you get your risk reward ratio at a similar level, you can have a low win rate and still come out on top. It's made a huge difference in my results. It's the power of mathematics.

@Surly, neat idea. You have posted a general plan, but it is not a specific actionable plan for a specific market/stock on a specific day. In my experience these generic plans sound great, but don't accomplish much. A plan for the day is something you can actually execute.

Edit: by an actionable plan, I mean something this simple:

If X, then buy @ 1200.
If Y, then buy @ 1198, but only if Z > 300

Something you develop ahead of time that forces you to act to find out if you are right or not. This is action, execution, and rubber to the road, not guidelines. Use the guidelines to develop the action, and then take the action. Something to consider.

If you want to keep this inside NexusFi (formerly BMT) walls, the only way to do so is to put it in the elite section, as everything else is google pretty immediately as far as I know.

Thanks guys. Josh - I think you're point about the elite section is a good one. I thought to keep it here to encourage participation but now that I think about it, having this type of thread open to the "public" might discourage rather than encourage participation. I'm going to re-start this thread in Elite. Not really sure how to go about it but I'm going to edit my post and then just ask you guys to repost your comments in the new thread in Elite.