Hi Pete,

Thank you for the preview of your book on Trading Plan, I found it very interesting and it opened my eyes to somethings we had not thought of or, after reading, know we had not thought through properly or show a different perspective.

As you know, I do not understand your industry, I read your Patterns book because I like to read on subjects I do not know, but still at am a loss with Trading Stocks, Forex, Futures, etc..

Your book is excellent in several ways and thoroughly explains the Business Plan Assembly and Business Strategy side of things easily.

I could easily make a Tome out of my comments, but I will go through each section in point form for you:

Goals – I love the Goals upfront  -this is the normal Mission Statement most successful Companies have, but you go further, and your work has inspired me to incorporate a personal goals section for each of our C-Level and Managerial Team to incorporate their own goals into how they can integrate them into the execution of the Mission Statement.

Executive Summary – Great idea, I have seen versions of this in some of the Business Plans, I have read but very few have incorporated this.

Entry and Exit Conditions – Very interesting  – looks much like part of an operations manual, and has given me some thoughts to explore incorporating into what we do, I like to Pictures of the setups, and the point by point clarification of what is being looked for in order to execute.

Risk Management – Broken down very well, and promoted some very deep thoughts, on how we can utilise some of your thoughts into our businesses.

Systemic Risk – Very interestingly explained your examination of outside factors, and observation of overall developments – length of major stock runs – unusual behaviour in the currency markets Futures Contracts and the examples used. The businesses I am involved with did not have major exposure to the Euro or Swiss Franc in January 2015, but some we do business with did, and they were hit very badly – and this could have been avoided.

Platform Risk – Great analogy here with the 2 Platform Failures you outlined, and your Solutions on how to avoid getting wiped out or badly damaged in that event. We would call that Country Risk in the Industries I am involved, and your solutions are correct, and in line with our philosophies in this arena.

Sector Risk – Great concept for many on minimising exposure to a single Group or Individual risk – we would call that Supplier or Customer Risk – great overall explanation.

Trade Risk – Well explained, and good examples.

Consolidation Section – I thought this was very well explained to your audience, not too much details, good solid Basics on the Business Plan concept. You concept of growing the business by adding more Customers and selling them all more products is pretty basic stuff in the business world.

I did think your concept of thinking of the “Instruments” as you call them as the Customers, and the way you grow the customer base was very interesting. I also thought the concepts of “each different Entry Structure” to use your words, as different products was quite novel.

Overall these concepts gave me good insight and an easier understanding of what you do.

Training and Education – A very important part of any business, for its growth and development – we incorporate a lot of this in the 5 major groups I am involved with – well done.

Testing and Development – I see what you are saying here and in my world, the basic skills that the Management and C-Suite team bring to the table can always be built on and improved. This also applies to adding new roles added for each of the above, as well as different new developments / product development etc. and is vital fo the effective growth of the business.

Planning for the – Month, week ahead – while this is pretty basic stuff in my world, our planning goes out to years ahead, it is good to see it covered in a book such as this.

Life and Business Integration – I love this section, as with all our Management team, if these areas are not covered with the family, and they are onboard with the time sacrifices, then both groups are not going to be any where near as happy as they really need to be.

Then, how you tied all this together with the original Goals / Mission Statements, I thought was seriously good.

Pete, the way you have presented this work, and the places your mind went to in order to connect all the pieces is excellent work on you part – well done!

I wish you all the best with the book launch and follow up afterwards.

Lets chat on an idea I have for further co-operation into the future.

Regards

Paul C.
Melbourne, Victoria, Australia
CEO & Chairman of 2 Large and growing Companies in Australia
Board Member of 3 major Companies (1 an ASX listed company).

 Update – 3 October, 2024 

Hi Pete

……….. I hope you don’t mind, I have given your book to several of our C-Level Executives and their feedback is very interesting. Basically they love the way you think, and have presented your information.

Long story short – Because of the thinking processes you have presented,  your book is going to be our Book of the month (Mandatory Reading) for all our C-Suite Executives and Management Teams,

Thank you for putting such an interesting perspective together ………

Chat Soon

Paul C.

“It’s like having your mentor beside you as you learn the process”

Liam C., Australia – Private Trader.

I had the pleasure of using Peter Varcoe’s comprehensive Trading Plan Template, which is truly an invaluable resource for traders at any level. What sets this trading plan apart is its detailed approach to not just trading patterns and entries, but also to the broader aspects of trading as a business.

Peter’s extensive experience in the industry is evident in every section. The book is packed with practical advice, precise identification criteria, risk management strategies, and effective trade management techniques that guide traders step-by-step in building a robust and evolving trading plan. The clear breakdown of trading setups, complete with screenshots, is particularly helpful for correctly identifying trading structures and executing trades with the highest probability of success.

What I found most compelling is how the template aligns trading goals with life aspirations, encouraging a holistic view of trading as part of an overall lifestyle and business strategy. It is not just about making trades; it’s about understanding market conditions, managing risk effectively, and ensuring the trading journey remains adaptable to changing circumstances.

Peter’s expertise shines through in explaining complex topics such as continuation patterns, trend changes, and risk management in a straightforward and practical way. This book and template have truly transformed my trading approach, providing a solid blueprint for success in any market condition.

For those looking to enhance their trading skills and develop a detailed trading plan, this template and book are must-haves!

Jason Y, Canada – Mentoring Student

Hi Peter,

In a comprehensive and easily digestible form, The Trading Plan Book contains all the key considerations, that any trading plan needs to address. This runs from identification, entry and exit criteria for specific trades, through to risk management. All the headings are here together with real-world examples.

The book is also about having the right mindset. It shows how the trader should think of themselves as an entrepreneur, running a serious business, with all the implications that follow in terms of psychology and planning.

 David W – UK, Mentoring Student

I understand “The Inside Secrets of Elite Traders – Trading Plan” includes…

1. Complete Template I have used with all my students over the last 10 years

2.  Step by Step Process

3.  Risk Management steps – others haven’t thought of

4.  Logical Progression

5.  Links Business Side to Life Integration

6.  Ease of use/construction and plan.

BONUS: 1 month’s access to The Exclusive – “Trading Plan Support” Group in Telegram