Trading Checklist

Look for reasonable stop loss and risk 0.5 - 1% only

Unprofitable strategies include:

NOT following profitable setup

Risking more than 1%

NOT securing profits in mean reversion trades

NOT pre-planning trades

Best practices:

Close NQ positions within 8 hours before major news event

Use QQQ shares or options for daily trends

Be very careful before and after US market holidays, it is easy to lose a lot of money

Think carefully if positions are highly correlated before opening new ones