Idea Ripper // ArchiveCards: 1555 [Live] | Updated: 2026-10-14
Card #c7IR // #c7Synthesis

If you cannot put the trade opportunity into any of your TradeBooks, it means you should not take that trade. And this is the most important purpose of your TradeBooks. They help you answer the question: Should I take the trade or not?

— In our words · Source: TradeBook: How to Build a Complete Trading System (Stock Market Trading and Investing) (Crede Sheehy-Kelly & Andrew Aziz)

[Use when]

When a tempting setup does not quite fit your plan but you want it anyway.

[Why it matters]

The TradeBook's gatekeeping function: it converts 'this looks good' into a binary fit-or-skip decision, which is where most retail losses begin.

More from TradeBook: How to Build a Complete Trading System (Stock Market Trading and Investing)

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