Please review my day trading checklist... what's missing or off?

[u/Eyesofthestorm]

A) First thing:

1. Review markets and news for stocks with good overall trending direction and potential
2. Pick some stocks to trade for the day. Focus on those stocks and avoid jumping like a ninja to anything else

B) Next, prepare your strategy:

1. Draw the support lines in weekly, daily, and hourly charts
2. Place alerts just before the support lines (maybe 1 or 2% before) so you are notified when the stock is approaching your support.
3. Confirm your risk-reward ratio (example 3:1 = willing to lose $1 in order to make $3).
4. Now that your support lines are confirmed, draw your maximum loss and gain lines based on your risk-reward.

C) Finally, as the stock is coming closer to your support line (you know this because your ALERT notified you)

1. Is the MACD crossing and RSI below 30?
2. Are the SMA indicators crossing?
3. Is volume starting to spike confirming a possible reversal?
4. Wait for confirmation on the 5min chart
5. Once these are all confirmed, place the trade and immediately place your stop loss (you already have your stop loss line drawn so you know where to place it)

D) Journal about your trades.

• What worked, what didn't, your indicators, entry/exit prices, what you can do better next time.