Daily trading checklist before every trade

Many professional day traders build a daily trading checklist before every trade. It differs from day trading plans or day trading business plans. 

The aim of a daily trading checklist is to find day trading opportunities and avoid day trading mistakes.

Some day traders probably write it down on the day trading diary. Others may write it on the day trading blogs.

I will build a day trading checklist excel spreadsheet. It will be saved along with the day trading journal excel.

A daily trading checklist should include:

• Date
• Which market will I trade? Stocks, options, futures or forex? It is better to trade in only one market. I am going to day trade the forex market.
• Closing price on the daily chart
• Daily high and low
• Support levels on the daily chart
• Resistance levels on the daily chart
• Are ADX 14 readings above 25?
• Has it crossed 20 exponential moving averages, 50 EMA, 100 EMA and 200 EMA?
• Are ADX 14 readings below 20?
• Are Relative Strength Index 14 readings below 30?
• Are Relative Strength Index 14 readings above 70?

If you are interested in further details, I strongly recommend Kathy Lien's currency pair checklist.

Here is a daily trading checklist example. I often write it every day.  

A daily trading checklist