Paper Trading Plan Generator
Generates comprehensive, structured paper trading plans for SPX, index options, and US equities. Perfect for pre-market planning and session prep.
Usage
python3 plan.py --ticker SPX --direction long --entry 5200 --stop 5150 --target 5300
Input Parameters
| Flag | Description | Example |
|---|---|---|
--ticker | Underlying symbol | SPX, AAPL, QQQ |
--direction | long or short | long |
--entry | Entry price | 5200 |
--stop | Stop loss price | 5150 |
--target | Take profit price | 5300 |
--price | Current price (optional) | 5225 |
--option-type | call or put (optional) | call |
--expiry | Option expiry (optional) | 2026-04-18 |
Output Structure
=== PAPER TRADING PLAN ===
Symbol: SPX
Direction: LONG
Entry: 5200
Stop Loss: 5150 (-1.0%)
Take Profit: 5300 (+1.9%)
Risk/Reward: 1:2
Position Size:
- Max 2% account at risk
- Example: $10k account = $200 at risk
- Per-share risk: $50
- Shares: 40
Expiration: 2026-04-18
Type: CALL
Strike: 5200
Max Loss: $200 (if expired worthless)
Max Profit: $400 (if target hit)
Failure Conditions:
- SPX breaks below 5150 → Exit immediately
- VIX > 30 → Reduce size by 50%
- News event overrides technical → Re-evaluate
Execution Checklist:
[ ] Confirm entry above key level
[ ] Check VIX < 20
[ ] Verify no major news during market hours
[ ] Set stop loss immediately after entry
[ ] Log trade in journal