Develop a Simulated Trading Competition for Your Class

Sample Trading Plan

A student's plan should be about a page in length and discuss the product(s) (i.e., stocks, options, bonds, etc.), markets (i.e., CME, NYSE, CBOE, etc.) and strategy they will employ when trading (i.e., my strategy utilizes 30-day implied volatility and will buy 1,000 shares of all symbols when the annualized volatility exceeds 100%).

However, all strategies listed as part of their trading plan and should include a profile.

Sample Outline:

1. Student Details:
   • Name/ID
2. IBKR Trading Platform(s) being used:
   • Trader Workstation (TWS)
   • Client Portal
   • IBKR Global Trader
   • IBKR Mobile
   • IBKR API (describe the Intended API Method and how it will connect to IBKR platform).
3. Strategies (list all):
   • Strategy
     • Products: Students should predetermine which instruments their strategy will trade. For example, if a student’s trading plan relies on trading equity indexes, the student should detail ALL indexes that the strategy will trade. If a trade on a random index appears, the professor reserves the right to eliminate student’s placing.
     • Markets: Students are free to choose any number of markets to trade, but all markets must be identified from the outset. For example, if a student intends to trade equity-based products, the student must specify whether this activity will apply to specific underlying equity securities, options on securities, ETFs, index futures or otherwise.
     • Trading Strategy: Students should be thorough in their description. The professor needs to understand how the student’s trading strategy works so that the professor can see whether it is trading as designed. Students should detail ALL strategies if more than one is submitted. If strategies are linked, this should be detailed. Each description should be a plain and simple explanation of what the strategy is designed to do and how it intends to enter and exit markets to control risk and maximize return.