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Question-Time

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. What is the overall direction the market is moving with in your time frame and the larger time frame?

  2. What time frame will you be trading with your next trade?

  3. What is your entry signal and what is its historical performance as a winning set up?

  4. How much money will you risk on this trade?

  5. How big will your position be for this trade?

  6. How will you know you are wrong and stop your loss?

  7. How much profit do you believe is possible if it moves in your favor?

  8. How will you know when it is time to exit with a profit?

  9. What is your ratio of reward versus risk?

  10. How many trades will you have on at any one time?