Creating a Checklist for Trading
A checklist for trades helps us follow the strategies outlined in our Trading Plan.
Don’t trade without it. Running through a checklist may only take one second for some traders, or a minute or two for others.
A trading checklist is a written document (may need to be memorized) covering the elements that must be present or not present to take a trade. Checklists, when abided by, reduce mistakes, improve performance, and keep us out of trouble.
Checklists vary based on strategy and time frame.
Recommended next reads
Here are some things to include in a checklist. Pick or add ones important to your strategy.
Here are some additional checklist items.
May not apply to everyone. Only use if these issues are causing you problems in your trading.
It’s a big list, but some points may already be answered. A swing trader should know market conditions before they even consider a trade. Checking news is done in the Pre-Trade Routine. We know our entry and exit rules, we’re just confirming them.
Habeeb Mahmood
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