Part Five — Practice

Chapter 15 — Complete Trading Checklist

Run this checklist before every trade. If any answer is missing, there is no trade.

A disciplined decision checks location, context, confirmation, and risk before entry.

Illustrative example

LEVEL — Is there Support? Is there Resistance?
TIMEFRAME — What does the higher timeframe show?
STRUCTURE — What is the current market structure?
TREND — Is there a directional bias?
CONFIRMATION — Has price confirmed the reaction?
RISK — How much am I risking?
RISK/REWARD — Does the potential reward justify the risk?
STOP — Where is the trade invalidated?
TARGET — Where is the logical target?
NEWS — Is important economic news approaching?

Key concepts

A checklist slows impulsive decisions
Every trade needs invalidation and target
Unclear conditions require waiting

Practical example

A setup passes level and trend checks but fails the news check, so the trader stands aside.

Common mistake

Answering the checklist after entering instead of before.

Knowledge check

Check your understanding

1. Which statement best captures complete trading checklist?

If the conditions are unclear: wait.Answering the checklist after entering instead of before.The outcome is guaranteed when the pattern appears.Context and risk can be ignored.

2. Which action best reflects the disciplined approach from this lesson?

If the conditions are unclear: wait.Answering the checklist after entering instead of before.Act first and review the context afterwards.Increase exposure when uncertain.

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