Simple Pre-Trade Checklist

When you trade perps, you need to do so with intent. Having a checklist, physical or mental, will pay off in the long run

Here is a simple checklist you can use to validate perp trades before opening them

1. What is my trade idea

   Am I going long or short, and why?

2. Where will I accept the loss

   What is my invalidation level?

3. How much am I willing to risk

   Have I sized my position accordingly?

4. Do I know what fundamental events are coming up

   Have you checked fundamental calenders?

5. Where is my target for this trade

   Mark your target areas and set TP's