1/12/2011

Daily Trading Cheklist

Daily checklist

What is your market bias today?
Is there a plan to exploit it?
Is there a alternative plan? 
What homework have you done for trading today?
What are 2-3 pre identified opportunities?
What is your plan for each open position? 
What is working in the market currently?
What sectors are leading the market?
What style is working (growth, value, momentum, contrarian, junk)?
Are you set up for trading today?
Is your hardware in proper condition?
Are your software's set up for trading?
Are you calm, excited, harried, or confused?
What can you do to be in calm and controlled state?
What is driving your emotional state 
What is your plan today for enhancing your:
market knowledge
your trading skills
your self efficacy
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?

2 comments:

PE said...

Pradeep,
Do you also provide ideas on users who use Interactive brokers ? Or at least give a novice a start ?

I did notice that most of your post are on use of a different software.

Apologize in advance if this question has already been answered.

Pradeep Bonde said...

I use interactive brokers along with Fidelity and TD Ameritrade. Most members use Interactive Brokers. Any question on IB can be answered. There are posts on member site on how to setup IB to find real time opportunities.