10-Year Pro Trading Plan: The NJAT Approach to Long-Term Success
Welcome to our comprehensive guide on creating a 10-year professional trading plan using the Not Just A Trade (NJAT) approach. This long-term strategy is designed to help you develop a consistent, mechanical, and profitable trading system that stands the test of time.
NJAT 10-Year Pro Trading Plan Video Tutorial
Key Elements of the 10-Year Pro Trading Plan
The NJAT trading plan consists of four main sections:
- Building a Trade Idea
- Trade Entry
- Trade Management
- Psychology and Experience
1. Building a Trade Idea
- Structure: Identify market structure (range or trend) for direction
- RIMC: Use Range, Initiation, Mitigation, Continuation for narrative and intention
- Trading Location: Ensure you're buying low or selling high
- Timeframes: Typically use 15-minute chart for setup, 1-minute for entry
2. Trade Entry
- Look for RIMC pattern at higher timeframe mitigation points
- Use safe stop loss above/below key levels
- Enter trades based on lower timeframe confirmation of higher timeframe ideas
3. Trade Management
- Risk Management: Set daily maximum loss (e.g., two trades)
- Take Profit: Aim for 1:10 risk-to-reward ratio based on session movement
- Break-Even Management: Move stop to break-even at predetermined levels
- Trader Type: Define if you're a passive or aggressive trader for consistency
4. Psychology and Experience
- Track all trades and decisions for review
- Focus on forward testing to gain real market experience
- Stick to your system even during losing streaks
- Review performance regularly, but avoid frequent system changes
- Develop awareness and intelligence outside of chart time
Keys to Long-Term Trading Success
- Consistency in applying your trading plan
- Mechanical approach to reduce emotional decision-making
- Regular review and refinement of your strategy
- Focus on process over individual trade outcomes
- Continuous learning and adaptation to market conditions
The NJAT Approach to Long-Term Trading
- Use of RIMC method for trade identification across timeframes
- Focus on high-probability setups with favorable risk-to-reward ratios
- Emphasis on psychological development and self-awareness
- Continuous refinement of skills through practical application
- Community support and shared learning experiences
Tips for Implementing Your 10-Year Plan
- Start with demo trading to practice without financial risk
- Gradually increase position sizes as you gain confidence and consistency
- Keep a detailed trading journal to track progress and insights
- Set realistic milestones for each year of your plan
- Regularly reassess and adjust your plan based on market changes and personal growth