I wanted to share with you what are the 4 top questions I try to answer before I make a trade:
1. Why is this a good trade:
- Ex: Market is in a bearish trend
- Ex. Corona cases will start to increase in the next week
2. Why not take the trade:
- Ex. Market is already too low to go even lower
- Ex. Volatility is very high
3. Close conditions
- Ex. When SL is triggered
- Ex. Friday at 19:00
- Ex. Reach target
4. What happened?
What question do you answer before you make a trade?