Planning

• Identify which strategies you know how to trade with complete rules
• Create a list of potential candidates to trade
• Conduct Research on each candidate
• Rank each trading candidate and identify the best potential trades

Execution

• Review the options chain to ensure there’s proper liquidity for your strategy
• Build the trade into a Risk Profile to assess the potential rewards and risks for the position
• Build your entry order
• Double check your position sizing to ensure you are trading within your rules

Management

• Read the statement each day
• Identify your P/L Open
• Identify your P/L Day
• Identify your potential reward and risk
• Read the risk graph and plot potential outcomes of the trade
• Adjust stops and targets as needed
• Double check for key earnings dates or corporate news

Journaling

• When you have exited the trade enter the details in the Trade Journal
• Make any notations as needed through your observations
• Consider sharing any screenshots or key takeaways with your trading community, mentors, coaches or groups for feedback
• Grade your trade based on whether you followed your rules, read the market well and managed the trade without emotions
• Move onto the next trade