Trading preparation checklist | stockbee

1/26/2010

Trading preparation checklist


1
What is your market bias for today?
Is there a plan to exploit it?
Is there a alternative plan?

2
What homework have you done for trading today?
What are 2-3 pre identified opportunities?
What is your plan for each open position?

3
What is working in the market currently?
What sectors are leading the market?
What style is working (growth, value, momentum, contrarian, junk)?

4
Are you set up for trading today?
Is your hardware in proper condition?
Are your software's set up for trading?

5
Are you calm, excited, harried, or confused?
What can you do to be in calm and controlled state?
What is driving your emotional state

6
What is your plan today for enhancing your:
market knowledge
your trading skills
your psychological control

7
What needs to happen for me to be a confident and in control trader
Do I have resources to get there?
Do I have the burning drive to get there?

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