E-Books & Courses · Strategy & Execution

Advanced Trading Playbook

The Advanced Trading Playbook is built around one idea: professional trading is a repeatable process, not a collection of random “setups”. This page outlines the structure, checklists and routines covered in the material so you can run your trading like a real operation.

The focus is on decision-making, execution and review – whether you trade manually, with automation, or a mix of both across personal and funded accounts.

Playbook structure Execution rules Checklists Review process

Who This Playbook Is For

  • Active day and swing traders in futures, FX or indices who already know the basics.
  • Prop-firm traders juggling multiple accounts who need a tighter daily routine.
  • Traders who have edges on paper but struggle with execution, discipline and review.
  • System traders who still need a human process for news, risk and account decisions.

What This Playbook Helps You Do

  • Turn your methods into clear, written playcards and checklists.
  • Separate preparation, execution and review so each part has its own rules.
  • Coordinate risk, size and account selection before the session starts.
  • Build a feedback loop so results improve across weeks and months, not just one day.

The Playbook does not provide signals or “magic entries”. It helps you organize and run the methods you choose in a professional way.

The Four Pillars of the Advanced Playbook

The material is built around four pillars. Each one includes worksheets and examples you can adapt to your own products, platforms and prop rules.

1. Edge & Market Selection

What you trade, and why

You cannot build a serious playbook around products you don’t understand. This pillar organizes where your edge comes from.

  • Defining your primary and secondary markets (indices, FX pairs, rates, commodities).
  • Clarifying the type of edge you use: directional, mean-reversion, breakout, spread, news-driven or mixed.
  • Matching markets to your schedule, platform and account size.
  • Dropping low-quality markets that drain focus or break your rules.

2. Setup Playcards

When you are allowed to trade

Every strategy is turned into a “playcard” – a one-page summary you can read in seconds.

  • Context rules: what must be true in the higher time frame or session.
  • Entry conditions: structure, price levels, volatility and confirmation.
  • Invalidation: clear stop location in price and structure, not just a number.
  • Targets, scaling and time-based exits for both winners and losers.

3. Execution & Risk Protocols

How you act in real time

This pillar defines how you execute across different accounts without improvising.

  • Pre-defined position sizes for each setup and account type.
  • Rules for adding, cutting or reversing positions – and when you are not allowed to.
  • Daily and weekly stop rules that end the session when risk limits are hit.
  • Procedures for news, platform issues, slippage and partial fills.

4. Review & Improvement

Turning data into better decisions

Without review, even strong edges decay. The Playbook treats review as a permanent part of the process.

  • Daily debrief: key questions after each session.
  • Weekly stats: win rate, average R, drawdown and error rate.
  • Playcard audit: which setups actually produce most of your P&L.
  • Decision log: keeping records of rule breaks and rule-following under stress.

Session Flow: From Preparation to Close

A large part of the Playbook is a repeatable session flow. Instead of “open the platform and see what happens”, you follow a sequence that covers preparation, execution and review.

Phase 1

Pre-Market Prep

You start with context, not entries.

  • Review overnight price action, major levels and higher timeframes.
  • Check scheduled economic releases and firm-specific trading rules.
  • Confirm which accounts are active and what size is allowed in each.
  • Highlight the 1–3 main ideas for the session and what would invalidate them.
Phase 2

Game Plan & Risk Map

Before the open you write a short plan.

  • Identify the main playcards that fit current conditions.
  • Define max number of trades and max risk for the session.
  • Decide in advance what you will NOT trade (products or patterns to avoid).
  • Set alerts for key levels so you are not glued to every minor fluctuation.
Phase 3

Live Execution

This is where rules prevent emotional decisions.

  • Only take trades that match a written playcard.
  • Size is chosen from your risk table, not “gut feel”.
  • Handle partial profits, stop movement and add-ons according to pre-set rules.
  • Pause after any rule break or large slip and reset before continuing.
Phase 4

Post-Market Review

You close the loop every session.

  • Log trades, screenshots and key decisions.
  • Tag errors separately from normal losses.
  • Update your stats dashboard and note any outlier events.
  • Write one small improvement to test in the next session.

Checklists, Templates & Dashboards

The Advanced Trading Playbook is practical. It is built around simple tools you can keep on your desk or screen while you trade.

Core Checklists

  • Pre-Market Checklist – environment, news, accounts, risk, product conditions.
  • Setup Checklist – structure, entry, stop, target, correlation risk, news timing.
  • Execution Checklist – order type, size, slippage tolerance, platform status.
  • End-of-Day Checklist – log completeness, stats updated, error analysis, mental reset.

Playbook Templates

  • Playcard layout for each strategy with context, triggers and risk parameters.
  • Risk & account map for personal and funded accounts.
  • Weekly summary sheet: P&L by market, by setup and by account.
  • “Kill-switch” page: pre-written rules for pausing, reducing and restarting size.
The aim is to remove guesswork during live markets. When conditions match your card, you trade. When they do not, you wait.

How the Playbook Connects with Other MRSLM Material

The Advanced Trading Playbook is the process layer that sits on top of the rest of MRSLM Group’s education.

  • Trading Psychology eBooks: help with emotional regulation, habits and mindset so you can follow the Playbook under stress.
  • Prop Firm & Broker Sections: describe the rules and margin structure that your Playbook must respect across accounts.
  • Risk + Scaling Guide: provides the detailed numbers for risk per trade, drawdown and account growth that plug into the Playbook’s daily routine.
  • Futures Market Basics & Market Guides: supply the product and market knowledge behind your playcards and context rules.
  • AI Tools & Bots: indicators, dashboards and automation can help enforce risk limits and track statistics defined by your Playbook.

Together they are designed to support serious traders who treat trading as a long-term business, not a one-off gamble.

Risk & Legal Notice

MRSLM Group LLC provides educational information only. The Advanced Trading Playbook does not provide financial, investment, tax or legal advice and does not recommend any specific trading strategy, instrument, broker, prop firm, account type or level of risk as suitable for you. Examples of trades, setups, risk parameters and account structures are illustrative only. Trading futures, foreign exchange, contracts for difference (CFDs), index products, options, cryptoassets and other leveraged instruments involves a high level of risk and can result in substantial losses. Prop firm rules, broker terms, margin requirements and regulations change over time; always consult the official documentation from your brokers, platforms and firms and consider independent professional advice before trading with real capital or applying any process described on this site. Past performance, backtests, examples and case studies do not guarantee future results.