10: Are You Checking These 7 Things Before Each Trade You Enter?

The Option Alpha Podcast

Kirk Du Plessis

Investing, Trading, Stock Market, Business, Options Trading, Education, Finance

4.8 • 1.2K Ratings

🗓️ 28 November 2014

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this session of The Option Alpha Podcast I'll give you a step-by-step guide to the top 7 things you should check before you make another trade. And this is not some quickly thrown together list; these are strategic steps that will help you make more decisive action when it comes to picking and filtering good trades from bad trades. Each checklist item is placed in perfect order so that you can quickly figure out if a trade is worth your time analyzing or not.

Transcript

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0:00.0	You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to
0:06.2	make smarter trades learn how the stock market really works and generate consistent
0:10.8	monthly income. Now your your host, and head trader at option alpha.com, Kirk depluses.
0:17.0	Hey everyone, this is Kirk here again from option alpha.com, working every single week to make this the most
0:24.2	popular podcast offered online because it's based on one thing and one thing only and
0:29.1	that's helping you guys make smarter trades so thanks so much for tuning in today and again we've got an
0:35.0	awesome show for you guys. I can't believe it's already show number 10 that we've
0:38.6	recorded but I've actually kind of started this one on my list here as I was kind of
0:42.2	of laying out the podcast over the next
0:44.4	couple weeks and this one I think is one of those ones that's a must listen to and I don't care
0:48.8	whether you're a new trader or even if you've been trading for 10 or 15 years. I think part of the process
0:55.4	that we've all gone away from and then we need to get back to becoming more successful
1:00.0	and smarter traders is having some checklists and some systems in place to keep us
1:05.8	from bad trades and actually get us into good trades, right? Everyone's worried about making
1:09.4	a bad trade, but we need to have something in place that filters down and helps us make smarter, more
1:15.5	profitable, consistent trades.
1:17.5	And I think that's what I really want to bring to you guys tonight with the show that we're
1:21.3	doing.
1:22.3	So we're going to answer the question and try to get a lot of information out of this podcast by going over the checklist that you should use and particularly these seven things you should be checking before you enter each and every single
1:35.5	trade that you make. Now I didn't just randomly think about seven things, right? These things
1:40.1	were actually things I laid out and I said okay you know what are the
1:43.4	bare bone but essential things that somebody needs to check before they make a
	...

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