Trading Checklist

Trading checklist Aug 12

Look for reasonable stop loss and risk 0.5 - 1.5% only

Unprofitable strategies include long options without a weekly pattern confirmation, risking more than 1% and not securing profits in mean reversion trades

Habitual impulsive trades without a written plan = amateur

Close NQ positions within 8 hours before major news event

Don't leave more than 1k on the table when calling it a day

Use QQQ shares or options for daily trends