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Why have a checklist?
Stay Consistent
Helps maintain consistency by ensuring that traders follow a standardized approach to analyze and execute trades.
Keep Organized
Promotes organization by keeping traders focused on essential elements such as market research, risk assessment, and trade execution.
Acts As Safeguard
Acts as a safeguard against emotional biases, helping traders make more rational decisions based on predefined criteria.
Risk Management
Facilitates risk management by reminding traders to set appropriate stop-loss levels, monitor position sizes, and adhere to risk-reward ratios.
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