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TRADING CHECKLIST BEFORE TAKING ANY TRADE

The trading checklist is simply summarized trading plan. It is a plan where you can check the things you require to open a new trade. It is like an entrance exam, which you should pass in order to be ready for trading. The trade checklist is a personal thing, your list works for you, but not necessarily for another trader. This happens because everyone has their own strategy that he likes and trust. The above list works well for me, create your list and follow it religiously to boost your results. The best part of having this list is that it is not complicated or difficult to remember. The list is very easy and after using it a few times, good trading habits begin to form. I have found that if you create a checklist, it will assist in having the discipline to stick to your plan.