This article turns the linked video’s themes—choosing an asset, analysis, trading psychology, money management, and planning—into a checklist. It does not turn figures or examples from the video into rules for readers.
1. Be clear about the product you are trading
“Trading” can refer to different products, including shares, futures contracts, or gold. Each can have its own reference price, contract size, fees, trading hours, and settlement method. Before placing an order, read the product information from the relevant market or provider. Do not assume that a method for one product applies to another.
2. Write down your reasons before opening a position
- What information or conditions are you following?
- What would make your original reason for the trade no longer valid?
- What costs and position-closing conditions apply?
- When will you review the position, and when will you stop adding risk?
A written plan cannot predict which way prices will move. It can help separate decisions based on stated conditions from changes made in the middle of a volatile market.
3. Plan money around your own circumstances
Separate money available to bear market fluctuations from essential expenses and money you will need soon. Do not size a position by copying another person’s example without checking the contract terms and your own ability to bear a loss.
For derivatives, review margin requirements, daily profit-and-loss adjustments, and circumstances that may require additional margin using information from TFEX product specifications and the Gold Online Futures margin guide.
4. Keep records to review the process
After a trade, record the asset, the reason for entry, the planned exit conditions, costs, the actual result, and whether you followed your plan. Separate the result of one trade from the quality of the process. A single profit does not prove that a strategy works, and a single loss does not by itself prove that it does not.
5. Check providers and primary documents
Use exchange and regulator documents to check product features, rights, and responsibilities. You can search the Thai SEC’s licensed-business database. Be cautious of anyone who guarantees returns or pressures you to transfer money.
If you want to start with your personal finances, see the Bank of Thailand’s financial-planning steps. For a gold-specific checklist, read our guide to gold trading strategy, risk management, and psychology.
Official and related sources
- Bank of Thailand: Personal financial planning steps
- TFEX: Gold Online Futures contract specifications
- TFEX: Gold Online Futures margin requirements
- Thai SEC: Search licensed businesses
- Thai SEC: Warning about online gold investment (PDF)
This is general educational information. It does not recommend a buy or sell point, an asset, or a position size, and it does not guarantee trading results.