The Comprehensive Trading Checklist

March 20, 2017 9:37AM CDT

Before you place an order, before you hit that “send” button…ask yourself: 

Have I done my homework to determine the direction of the market I am trading (up or down), and where I want to enter the trade?

Does my account have sufficient funds to hold this position?  Do you not only have the initial margin requirement, but do you have sufficient funds to hold the position during adverse price action?

How long can I hold this position?  Check and see when this product enters first notice period and when the contract expires.

How much am I willing to risk?  How far will I allow the market to move against me before I decide cut my losses?  Always place a stop at the same time you enter a position.

What type of money management rules will you apply to this position?  That would include moving stops as the position moves into profit territory. 

If you have a plan, you take the emotion out of trading.  If you take the emotion out of trading, you eliminate the stress.   Set your rules and ALWAYS follow them.


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This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.