Resources / Decision process

Pause before the next click.

Work through the questions that a chart alone cannot answer.

0 of 7 prompts reviewed

A reflection aid, not permission to enter a trade. Ticking every box does not make an idea suitable or profitable. Your ticks stay in this page session and reset on reload.

ContextI can describe the timeframe, recent swings and nearby price areas without relying on a pattern name.ReasonI have written the observation behind the idea and a scenario in which it is wrong.InvalidationI know which price or condition would invalidate the idea, and understand that a stop may fill at a different price.SizeI understand the planned loss exposure, the instrument’s contract specifications, and any currency conversion required.ExecutionI have considered spreads, fees, liquidity and scheduled events that could affect execution.State of mindI have checked whether urgency, boredom or the last result is driving this decision.ReviewI have somewhere to record the plan, actual action and subsequent review.

Further reading: CME Group — risk management and a trade plan.

Keep a record with the journal

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