Create a Simple Trading Plan for Beginners — Complete Guide using TradingView
Create a Simple Trading Plan for Beginners — Complete Guide using TradingView. Get practical lessons and hands-on examples at AI Computer Classes in Indore to master trading & stock market skills quickly. Follow practical exercises and tool-based examples to learn rapidly. Includes references to tools like ChatGPT, Power BI, Excel, Figma, or Python where appropriate. Ideal for beginners and working professionals seeking fast skill gains.
📈 Create a Simple Trading Plan for Beginners — Complete Guide using TradingViewTrading without a plan is like sailing without a compass. In today’s fast-moving markets, a well-structured trading plan helps you make smart, data-driven decisions instead of emotional ones. Whether you’re a new trader or someone who’s been testing the waters, this guide will help you design a practical plan using TradingView, one of the most popular platforms for market analysis.
At AI Computer Classes – Indore, students learn not just the tools but the mindset behind successful trading. Let’s build your trading foundation step by step! 🚀
A trading plan defines your strategy — what, when, and how you’ll trade. It helps remove guesswork, control risk, and increase consistency.
Key Benefits:- Clarity: You know exactly when to buy or sell.
- Discipline: Avoid impulsive trading decisions.
- Confidence: Backed by data, not emotions.
- Risk Control: Keeps losses manageable and profits measurable.
Before opening a chart, ask yourself:
- What is my monthly or yearly goal? (e.g., 5% portfolio growth)
- How much time can I dedicate to trading daily?
- What capital am I starting with?
🎯 Example:
“I will trade only Nifty 50 stocks using intraday setups and aim for 2% growth per week.”
💡 Tip: Keep your goals realistic and measurable.
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Master Stock Market Analysis, TradingView, and Technical Indicators with practical sessions.
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📊 Step 2: Choose a Trading StyleDifferent traders have different risk appetites.
Popular Trading Styles:- Scalping: Quick trades within minutes.
- Day Trading: Multiple trades in a single day.
- Swing Trading: Holding for a few days to weeks.
- Position Trading: Long-term investment approach.
Choose one style that fits your schedule and mindset. For beginners, swing trading is a great balance between time and risk.
Once your style is clear, it’s time to pick assets to trade.
How to Create a Watchlist:- Log into TradingView.
- Click on the Watchlist panel on the right.
- Add your favorite stocks or indices (e.g., INFY, TCS, NIFTYBANK).
- Save the watchlist as per your strategy (e.g., “IT Stocks Momentum”).
🎯 Keep it short — 10 to 15 assets maximum — to focus better.
This is the heart of your trading plan.
Example Strategy Using Moving Averages:- Entry: When the 20-day EMA crosses above the 50-day EMA.
- Exit: When the price hits a predefined resistance or drops 2% below entry.
Use the Indicators section to apply EMAs, RSI, or MACD and visualize your setup.
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Enhance your trading analysis skills using Python, Excel, and Power BI to support TradingView decisions.
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⚙️ Step 5: Set Risk Management RulesRisk management ensures you protect your capital even when trades go wrong.
Standard Rules:- Risk only 1–2% of your capital per trade.
- Use Stop-Loss (SL) and Take-Profit (TP) levels for every trade.
- Maintain a Risk-to-Reward Ratio (RRR) of at least 1:2.
📘 Example:
If you risk ₹500, aim for ₹1,000 in profit.
📅 Step 6: Keep a Trading JournalA trading journal helps you analyze what works and what doesn’t.
Include:- Date and Time of trade
- Stock name and entry/exit points
- Indicators used
- Profit/Loss
- Personal notes or emotions
🧾 Use Excel or Google Sheets for tracking. AI Computer Classes also teaches Power BI dashboards for visualizing trade data effectively.
Once you’ve followed your trading plan for a few weeks:
- Review winning vs. losing trades.
- Note which setups perform best.
- Refine your indicators and timeframes accordingly.
TradingView’s Strategy Tester can help you backtest your strategy automatically.
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Gain hands-on experience with TradingView and Python for Stock Market Automation.
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🎯 Step 8: Combine Data Analytics with TradingModern traders go beyond charts — they use AI tools, Power BI, and Python to analyze data patterns and performance metrics.
Examples:- Use Python scripts to calculate moving averages automatically.
- Visualize daily P&L in Power BI dashboards.
- Use ChatGPT to summarize daily market trends.
This hybrid approach enhances both speed and accuracy.
✅ Builds discipline and emotional control
✅ Helps identify consistent profit zones
✅ Improves decision-making through structured rules
✅ Enables data-backed growth
✅ Simplifies performance tracking
🧭 ConclusionA simple trading plan is your foundation for consistent success. Tools like TradingView, combined with data-driven insights, make trading both efficient and educational.
At AI Computer Classes – Indore, we train you to think like a professional trader — combining analytical thinking with the latest trading tools.
Start today, stay disciplined, and let your trading plan guide every move you make! 💹
📞 Contact AI Computer Classes – Indore
✉ Email: hello@aicomputerclasses.com
📱 Phone: +91 91113 33255
📍 Address: 208, Captain CS Naidu Building, near Greater Kailash Road, opposite School of Excellence For Eye, Opposite Grotto Arcade, Old Palasia, Indore, Madhya Pradesh 452018
🌐 Website: www.aicomputerclasses.com
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