Building a Pre-Trade Checklist That Enforces DisciplineMany traders believe that success comes from superior intelligence or a special gift

Building a Pre-Trade Checklist That Enforces DisciplineMany traders believe that success comes from superior intelligence or a special gift for predicting price movements. In reality, the biggest enemy is not the market; it is the trader’s own psychology. When you are staring at a live chart, your brain is under stress. This triggers a "fight or flight" response, which releases hormones that degrade your ability to think logically. Relying on willpower to avoid bad trades is inefficient because willpower is a finite resource that depletes over time. A mechanical checklist is superior to mental discipline because it removes the need...