QUESTIONS TO ASK BEFORE TAKING

TRADE OR WHILE IN TRADE

1. What if I did not have this position? What would be my view?

2. Am I hoping and praying or is there valid reason to hold?

3. What is my risk / reward?

4. Will I regret if my trade goes wrong?

5. Am I taking this trade just because some other trade isn't working for me?

6. Is it an anticipatory trade?

7. What is my weapon?

8. Is this trade going to qualify as part of over trading ?

9. Am I in an Impulse or correction. Is my entry good?