Who this is for — Anyone who wants to trade only situations with verified edge, reducing improvisation and dependence on mood.
A playbook collects approved setups with clear definitions: context, trigger, invalidation, management, and exit criteria. It is the bridge between method theory and daily operational decision.
In plain terms — It is your catalogue of "allowed" trades: if a situation is not in the playbook, it does not deserve capital.
Bronze prerequisite — Before this lesson: trading-journal, discipline, plan-adherence, trade-lesson. See bronze-path.
What an effective playbook contains
Every setup should always have:
- short description and reference market;
- mandatory activation conditions;
- size and risk rules;
- annotated visual example;
- updated historical metrics.
Without these elements, the playbook becomes a vague list with little operational value.
Example — "Pullback in trend" setup: requires confirmed trend, retracement to key area, defined trigger candle, and technical stop. In review it is updated only if the sample is sufficient.
Update and governance
- New setups enter only after minimum validation.
- Weak setups are suspended, not "defended" out of pride.
- Every change goes through weekly-review.
- Live execution is filtered with checklist.
Card
- What it is: operational document with tested setups and execution rules.
- When to use it: pre-market, pre-trade, and during periodic reviews.
- Typical mistake: adding setups after a single positive week.
Silver path — Module: Review. Part of silver-path.