This is the kind of checklist and planning I use to get ready for every trading day.
| 1 | What is your market bias 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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