Before Trading

Preparing for a Trade

1. Evaluate the setup

• Is the pattern solid, or are you forcing it?

• Is this trade worth your time and effort?

2. Strategy check

• Does the trade align with your strategy?

• Have you considered all key factors: entry, exit, stop-loss, take-profit, and risk level?

• How will you handle different scenarios during the trade?

3. Analyze your emotions

• If the stop-loss is triggered, is it a mistake or part of your system?

• What’s your mood? Is your mind clear? Are you free from tilt or emotional influence?

• Are you acting on someone else’s bait?

• Will you regret this trade later?

• Are you ready to accept a loss? Are you trading to make money or to chase emotions?

1. The trade fully aligns with your strategy.

2. You are confident in your actions.

3. You are prepared to accept losses.

4. You are emotionally calm.

5. You are fully focused on trading.

1. You are emotional (fear, greed, frustration).

2. You lack confidence in the trade.

3. You are not ready to accept a loss.

4. You are distracted.

5. You are in a bad mood.

1. Trade with a clear mind – avoid emotional decisions.

2. Don’t be greedy – take profits on time.

3. Secure the base – minimize risks.

4. Exit based on facts – stick to your plan.

5. Better to miss out than to lose – protect your capital.