Beta Paper Trading Plan v1

Generates structured paper trading plans with entry, stop loss, take profit, position size, and failure conditions for SPX, indices, and US equity options.

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

bash

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

text

=== 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