Trading Checklist

Trading checklist Sep 4

Look for reasonable stop loss and risk 0.5 - 1% 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

Notebook entry and trade construction before trade entry

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