Execution Checklist
A practical checklist for reviewing Turtle-style signals before and after execution.
Use this checklist to separate valid signals from impulsive trades.
Before entry
- Is the instrument in the approved market universe?
- Is the data clean and current?
- Has the breakout rule triggered?
- Has N or ATR been calculated from the correct data?
- Is the Unit size within account and portfolio risk limits?
- Is the initial stop defined?
- Are related markets already using too much risk?
During the trade
- Add only according to pyramiding rules.
- Do not widen stops outside the plan.
- Record slippage and unusual execution.
- Avoid changing parameters because of one trade.
After exit
- Was the entry valid?
- Was the stop or exit followed?
- Was the position size correct?
- Did costs or liquidity differ from assumptions?
- Is any rule change needed, or was the outcome normal variance?