Successful! Trader's Checklist

There`s a lot of trading systems out there. Almost all of them are profitable, as people, who created them, say. And they don`t lie. The thing, they usually forget to tell about, in my opinion, is that whatever system we choose, we should do basic analysis before start trading: levels, trendlines, channels, etc. - clear market with no indicators in it. The systems can only give us an entry and sometimes exit points. But no general idea of current market situation. We have to find it out on our own.

So, to help us, I made a checklist with these basics, according to my experience. It can be printed and filled out every time we sit in front of our computer to trade. It`s nothing new here of course, but I think this should make us more disciplined and our trading more profitable.

You are welcome to download and have a look at it. I also kindly ask You to explain Your own ideas on that so we can make this checklist better and profit!

Thanks for attention. Kind regards, Vladimir.

I have an idea to add some kind of credit system to the checklist. Like psychologists do. Say, we found that the price has just been held at some important level, so we put for example +1 to an uptrend idea. Then we have some bearish candlestick setup on H4 chart: +1 to bearish section. And so on...

Then we just need to add the numbers and decide in which direction we will trade today. We also could add some weight property to these factors, so some of them were more important, and some less.

To be continued...