Trading thought process

• is this a playbook entry?
• is this play supported by big picture? is it in line with big picture trend?
• is it momo or swing trade?

RR

• is the RR > 2? is the risk worthwhile my time?
• are there any strong obstacles on the way to 2R?
• what is playing against me? what is playing in my favour?

PLAN

• where are you going to adjust your SL (fade/break type)?
• under what circumstances are you going to exit the trade manually?

In case I got through all the checks here are last questions:

• do you really believe you can make money playing setups like this one in a long term?
• in case of the worst case scenario, will you be ashamed for this trade?

More on the self-awarness part later.

lechiffre