Trading Questionnaire

This list of questions is an excellent means to review your overall trading goals. A personal

assessment review is effective in that it can outline your personal beliefs and basic

expectations of trading in general. I recommend writing answers to these questions and

incorporating these guidelines into your overall trading plan:

1. Why do you want to trade?

2. When was the first time you realized you wanted to trade? Why?

3. What was your first trade?

4. What was your last trade?

5. What was your best trade ever?

6. What was your worst?

7. What is your preferred time frame for trading? (Day/Position/Investor)

8. What is your greatest benefit of trading outside of the money?

9. What is your greatest fear associated with trading?

10. How do you know when to buy/short a stock?

11. How do you know when to cover that position?

12. What is your greatest strength in your trading?

13. What is your greatest weakness?

14. What areas of trading do you think you need to learn more about?

15. Do you review your past trades?

16. What do you expect to get out of trading? (List three accomplishments.)

17. What will your trading be like within each of the following time periods?

• Six months

• One year

• Five years

Effective trade execution requires discipline and preparation. Although a variety of mental

aspects are involved in the decision-making process, the rules that define harmonic setups

must serve as the foundation for all trading behavior. Executing in the PRZ and identifying

patterns with three harmonic numbers in a specific area are examples of the types of basic

rules that must be consistently followed if success is to be achieved. These questions should

be reviewed from time to time, as a follow-up to your trading progress.