2Directional bias
▲
BULLISH
Long calls / spreads
▼
BEARISH
Long puts / spreads
◆
NEUTRAL
Condors / calendars
3What pattern triggered this?
50DMA reclaim
Bull flag breakout
Cup & handle
MACD bullish cross
Unusual call flow
52w high breakout
RSI divergence
Volume breakout
Gamma squeeze
5Write your thesis (rationale)
Forcing yourself to articulate the thesis catches 80% of bad trades.