How to build a trading plan?

How do you go about building a trading plan?  What do you need to consider, and what type of trader should you be? The last question is a logical place to start – deciding the type of trader you want to be, and understanding why.
Type of Trader
When creating a trading plan, a trader must decide the style of trading they will adopt. There are typically four types of traders in the market:
- Scalper (very short term)

tend to stay within boundaries of 1 minutes to 15 minutes time frame

-    Intraday Trader (short term)

tend to range from 5 minutes to 1 hour time frame

-    Swing Trader  (medium term)
will consider


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