Chapter
The Power of Checklists in Trading
33:35 - 40:02 (06:26)
The use of checklists in trading is valuable because it allows traders to objectify their plan and scenarios for entering and exiting positions. The if-then statements become black and white, allowing traders to act on their plan effectively.
Clips
The speaker advocates for creating checklists with if-then scenarios to determine when to enter and exit positions in the market.
33:35 - 40:02 (06:26)
Investing
Summary
The speaker advocates for creating checklists with if-then scenarios to determine when to enter and exit positions in the market. They discuss the efficacy of using checklists as a tool in investing.