Entry checklist
Everything knowable at entry. Settled the moment the trade is saved and never editable afterwards — that is the whole value of it.
- Stop loss in place at entry measured
- Planned reward at least 1.5× the risk measured
- Risk no more than 1% of equity measured
- Level was untouched since it formed you answer
Added, moved and removed as you go — there is nothing to save on this list.
Add a rule
Facts only — where the stop was, when a piece went on, what a bar actually traded at. Nothing here is a reading of the market, because a rule whose answer is an opinion is yours to answer.
- Stop loss in place at entry already on the list
-
A stop recorded at entry always passes.
- Risk no more than …% of equity already on the list
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Measured against the most the position reached.
- Planned reward at least …× the risk already on the list
How you said you would run it
Settled at the close, from what happened in between. Only what is particular to this plan belongs here; how you run any trade is an account rule.
- No more than 4 trades in a day measured
- No new trade within 30 minutes of closing a loser measured
- Never add to a losing trade measured
- Never move the stop further away / increase risk measured
- No more than 2 entries measured
One of these is about how you run any trade, not this setup. They belong with your account rules, where they are kept once and checked on every trade.
Added, moved and removed as you go — there is nothing to save on this list.
Add a rule
Facts only — where the stop was, when a piece went on, what a bar actually traded at. Nothing here is a reading of the market, because a rule whose answer is an opinion is yours to answer.
- No more than … entries already on the list