Checklists & Reminders

Pilots And Doctors Use Them - Why Shouldn't You?

Checklists and reminders are essential for trading, helping to ensure adherence to effective risk management and assessment of current market conditions. Along with reminders, they mitigate errors, enhance analysis and promote consistency, thereby fostering more potential for improvement.

"No" List

Every trading day prior to any trading session, self assessment should be performed using the No List. If one or more issues are present, it may be a good idea to just practice or study that day.

How do you know when NOT to trade? Use checklists like this one.

Pre-Trade Check List

Before trading or even practicing, going through a Pre-Trade Checklist can help ensure that all systems are functional to ensure a smooth trading session.

Here is a non-exhaustive list of things to verify before your trading session begins.

Reminders

For a hands-free timer, try a voice-activated device like Amazon's Alexa. Simply say 'Set a timer for [time]' to start the countdown.

Use Alexa to streamline your workflow. Set up voice alerts for important reminders and stay organized throughout the day.

What may you need a voice timer for?

-Session start & stop times -Scheduled News events -Market Replay practice timer -Trade hold time stopwatch or timer -AlgoBox™ Academy exam

"Trade Nothing Alone" emphasizes the power of confluence using AlgoBox™ where trading involves utilizing a synergy of multiple tools such as the FlowMaster™ Enigma, Harmonics, SMLK Timing and FlowMaster™ Cross throughout your trading sessions.

A useful reminder when using AlgoBox™ and doing many other things in life!

Sometimes Fridays may present slower speeds in the afternoon so it's often a good time to pause trading and lock in profits for the week.

To protect yourself from losses, always use stop losses and have your broker's number handy. This will help you close positions quickly in case of technical issues.

Why is it essential to have your broker on speed dial?

-PC hardware issues -PC software issues -Sudden, unexpected power or ISP outages - see more on UPS here

If you are using Apex or any trader funding platform, ensure that you have your portal bookmarked and readily accessible. Keeping your portal open allows you to quickly manage your account and address any issues that may arise.

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