It’s important that you don’t skip a step and you
must go through the steps in this order:
Check news, earnings, FDA announcements, stock splits, etc. If there’s a
reason to disqualify trading in this market, don’t trade it. If you can’t
disqualify investing in this product, run it through this checklist.
Make sure there’s liquidity in the market and the bid / ask spreads are
narrow enough to minimize slippage.
HTF, identify big picture FPV Supply/Demand Areas and determine how
close current price is relative to those areas.
Confirm current trend on the Larger and Intermediate timeframes.
LTF, Identify FPV Supply/Demand Areas and refine entry and exit points.
Keeping in mind, we want to trade with the trend, until we reach those
HTF FPV Supply/Demand Areas.
Run the trade through the T.O.P. Based on final score, proceed using
rules at the bottom of the T.O.P. worksheets.
If it’s an option position you’re looking at, follow the steps in the Planner
for options trading.
Position Size appropriately for your personal account and risk tolerance.
Enter the trade with Entry, Stop, alerts (if applicable) and Targets, so you
can walk away and let the trade play out.
Journal the trade and review every 20 trades for areas of improvement.