What technical analysis do you do before taking a trade in a stock?

"There are some important decisions you need to make before you take a trade"

As an experienced trader, I promise you that Technical Analysis is easy today, but there are some important decisions you need to make before you take a trade is a complex process:

• Deciding what to trade: Deciding the stock to trade will depend largely on your strategy.

• What you aim to achieve: Evaluate why you want to trade and where you want to trade to take you.

• The amount you are willing to lose: If you can’t afford to lose it then you probably should not be trading it.

• What is your risk tolerance: To determine this you are going to need to audit your life. Working on your expenses, liabilities, income, and available funds is a great place to start.

Credit: Quora

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