# Pre-trade checklist: Can I trade today?

Template by Edgetrail (edgetrail.app), as of 22 October 2026. This is the "Can I trade today?" check from the Daily Analysis in the Edgetrail app. Answer it before the first trade of the day. The thresholds are Edgetrail's defaults, not scientific limits and not investment advice.

Date: ________

## 1. State and market

| Question | Answer | No trading today | Reduced |
|---|---|---|---|
| Sleep (hours) | ____ | under 5 | 5 to under 7 |
| Energy (1 = drained, 5 = fresh) | ____ | 1 | 2 |
| Calm (1 = stressed, 5 = calm) | ____ | 1 or 2 | 3 |
| Clear plan? | yes / no | | no |
| Trying to win back losses? | yes / no | yes | |
| High-impact news soon? | yes / no | | yes |
| Market picture | clear / range / choppy / news-driven | | choppy or news-driven |
| Own question 1: ____________ | yes / no | | answer differs from the good one |
| Own question 2: ____________ | yes / no | | answer differs from the good one |

## 2. The call

- Anything in the "No trading today" column applies: **no trading today**.
- Otherwise, anything in the "Reduced" column applies: **reduced** (smaller size, fewer trades).
- Otherwise: **full size**.
- My decision: full size / reduced / no trading today
- Note (e.g. half size until 10am): ____________

## 3. Before every single trade

- [ ] The setup belongs to one of my systems.
- [ ] Entry, stop and target are set as the system describes.
- [ ] I know when I will exit early.
- [ ] Position size is calculated from risk and stop distance, including fees.
- [ ] Today's max trades and max loss are not reached yet.
- [ ] Prop firm: the room left to the daily limit is larger than this trade's risk plus a buffer for open positions.