REALITY CHECK
Success in trading takes time; it is not served on a platter. As the saying goes, the fried pigeons don’t fly into a trader’s mouth! Trading, like any other business, requires a plan. A trader has to develop his strategy and must evaluate and review it constantly to improve his performance and to trade in accordance with optimal risk to reward parameters. The following are three examples of checklists: (1) Additional Chart Checklist, (2) Execution of Trade Checklist, and (3) Trade Plan Summary List. The first two checklists contain certain key reminders that a trader needs in the course of his trading. The third list is a summary for keeping a trading log. The keeping of a trading log is imperative as, after a period of trading, it will give the trader an analysis of how his wins or losses are made, and it will serve as an important study of his trading style and help him adjust and improve the results.
Additional Chart Checklist
| Reminders | Things to Do | Reasons |
| What is the market trend? |  Check daily trend. Check weekly trend. Check the sector trend. Check market trend. ... |
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