1. Check the Account Rules
☐ Am I still within the firm’s daily loss limit?
☐ Will this trade affect any consistency rule?
☐ Is trading allowed at this time or during this news event?
2. Check the Trade
☐ Have I selected the correct market and symbol?
☐ Am I buying or selling in line with my trading plan?
☐ Do I have a clear reason for entering?
3. Check the Risk
☐ How much money will I lose if the trade fails?
☐ Is my lot size correct for this risk?
☐ Have I included my other open trades in the calculation?
4. Check the Exit
☐ Is my stop loss entered correctly?
☐ Is my take profit realistic?
☐ Is the possible profit worth the possible loss?
Final Check
Before pressing Buy or Sell, confirm:
☐ Correct symbol
☐ Correct lot size
☐ Stop loss and take profit entered
If you cannot answer every question, do not place the trade yet.
