Psychological Checklist
Assess your mental readiness for trading success
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Before a Trade Setup
Am I calm, well-rested, and free from external stressors (e.g., personal issues, fatigue)?
Have I completed my daily market analysis without forcing a bias or looking for trades that "must" happen?
Am I trading only during my predefined optimal hours, or am I forcing activity out of boredom/FOMO?
Do I have a clear, written trading plan for today (pair focus, key levels, max risk, setups I will take)?
Am I detached from the need to trade today? Can I accept sitting on my hands if no high-probability setup appears?
Have I checked for upcoming high-impact news that could invalidate my setups?
Am I starting with a clean emotional slate (no carry-over tilt from yesterday's results)?
During a Trade
Did I enter the trade exactly according to my plan (correct entry, stop-loss, target, position size)?
Am I avoiding the urge to move my stop-loss farther away to "give it room" out of hope?
Am I resisting the temptation to take partial profits too early out of fear?
Am I monitoring the trade without constantly staring at the chart (avoiding micro-management)?
If the trade moves against me, am I accepting the possibility of a loss rather than fighting it emotionally?
If the trade moves in my favor, am I avoiding greed-driven thoughts like "it will go much further"?
Am I staying present and process-focused rather than fixating on the unrealized P&L number?
If I feel anxiety, anger, or euphoria rising, have I stepped away or used a breathing technique to reset?
After the Outcome of a Trade
Did I let the trade play out according to my plan without manual interference (win or loss)?
Am I accepting the outcome without self-judgment (no "I'm stupid" after a loss or "I'm a genius" after a win)?
Have I logged the trade immediately with objective notes (setup, entry/exit reasons, what went right/wrong)?
Did I analyze the trade technically and psychologically: What did I do well mentally? Where did emotions creep in?
If it was a losing trade, do I view it as the cost of doing business rather than a personal failure?
If it was a winning trade, am I avoiding overconfidence that could lead to larger risk next time?
Have I closed the platform (or stepped away) to prevent revenge trading or overtrading after an emotional result?
Am I ending the session if I hit my daily loss limit, profit target, or maximum number of trades?
Overall for the day: Am I proud of my process, regardless of the financial outcome?
Mental Readiness Score
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