Trade Checklist

Trade Checklist

Here is a broad pre-trade checklist to help you avoid some common mistakes.

  • Are you in the right state, financial position to trade?
  • Are you breaking any of your written rules on this trade?
  • Have you put the right position size into your trading system?
  • Are your entry, stop, exit and profit target all set correctly?
  • Are you trading on money that is borrowed or risky?
  • Are you risking a fraction of your trading capital?
  • Are you trading with the market trend?
  • Are you trading from an area of value?
  • Do you know how to manage your trade?
  • How out of line are you from your actual trading plan?

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