Glossary › pre-trade checklist
Trading glossary · psychology
pre-trade checklist
A short list of questions you tick off before every trade, like a pilot does before take-off.
The fuller meaning
A short list, typically five to seven questions covering trend, level, stop, size, event risk and emotion, answered before every entry. It catches mistakes before they cost money; short checklists you actually use beat long ones that get skipped.
pre-trade checklist, also called checklist.
Related words
anchoring · boredom trading · chasing · cognitive bias · confirmation bias · consistency · cool-down rule · discipline · disposition effect · emotion