Trading Psychology5 min read

Pre-Trade Checklist: 7 Things to Check Before Every Entry

A pre-trade checklist prevents emotional entries. Learn the 7 things to verify before every trade. The seven-point pre-trade check that prevents emotional.

The Checklist

  • 1. Is the daily trend in my direction?
  • 2. Is price at a key level?
  • 3. Is there a valid signal (candlestick pattern)?
  • 4. Is risk-reward at least 1:2?
  • 5. Is there no major news in the next 4 hours?
  • 6. Is position size correct (1% risk)?
  • 7. Am I calm and following my plan?

If Any Check Fails

Do not trade. There will be another setup tomorrow. Discipline is your edge.

Related Articles

→ What Is Backtesting→ Bollinger Bands Strategy→ Atr Indicator Guide

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70-80% of retail investor accounts lose money when trading CFDs. Backtesting does not guarantee future results. Always consider whether you can afford the potential loss of your capital.

← Back to Blog · Open Backtester → · Strategy Lab →