5-STEP

THE BEGINNER'S
TRADING CHECKLIST

Everything you need to do BEFORE you risk a single dollar

Mike Spizzirri
7+ Years Trading Experience | $1M+ in Verified Profits

"I failed for 4 years because I didn't have this roadmap. You don't have to make the same mistakes."

Why Most Beginners Fail
(And How You'll Be Different)

Let me be real with you.

99% of people who try trading fail. Not because they're stupid. Not because trading is impossible. But because they skip the fundamentals and jump straight into risking money.

I lost money for almost 4 years before I figured this out. I didn't have a roadmap. I didn't have a mentor. I just guessed and hoped.

This checklist is the exact roadmap I wish I had when I started.

If you follow these 5 steps IN ORDER, you'll be ahead of 99% of traders before you ever place your first trade.

Let's get into it.

Step 1: Mentally Prepare Yourself

What This Means:

Before you do ANYTHING else, you need to understand what trading actually is - and what it isn't.

Trading is NOT:

  • A get-rich-quick scheme
  • Gambling
  • Easy money

Trading IS:

  • A skill that takes time to develop
  • A business that requires discipline
  • A mental game that rewards patience

What You Need to Accept:

You WILL take losses - Even the best traders lose. It's part of the game.

You WILL have frustrating days - The market doesn't care about your feelings.

You WILL need to stay emotionally neutral - No celebrating wins, no panicking on losses.

Action Item:

Ask yourself honestly: "Am I ready to commit to learning this the RIGHT way, even if it takes months or years?"

If yes → Move to Step 2

If no → Trading isn't for you (and that's okay)

Step 2: Choose Your Trading Platform

What This Means:

You need a platform where you'll analyze charts, backtest strategies, and eventually place trades.

My Recommendations:

Thinkorswim (Charles Schwab) - My Personal Choice

Best for: Backtesting, advanced charting, futures trading

Cost: Free

Best for: Serious traders who want professional tools

TradingView - Great for Beginners

Best for: Clean interface, easy to learn, great for stocks/crypto

Cost: Free (with paid upgrades)

Best for: Visual learners and beginners

What You DON'T Need:

  • Expensive indicators
  • Paid subscriptions (yet)
  • Multiple platforms

Action Item:

✓ Pick ONE platform (I recommend Thinkorswim)

✓ Create a free account

✓ Spend 30 minutes exploring the interface

✓ Don't place any trades yet - just get familiar

Step 3: Get Screen Time (Just Watch)

What This Means:

Before you analyze anything, before you learn any strategies, you need to just WATCH the market move.

Why This Matters:

When you eventually have real money on the line, the speed and volatility of the market can be shocking. You need to get comfortable with how fast things move.

What to Do:

  • Open your trading platform
  • Pull up a chart (I recommend the ES - S&P 500 Futures)
  • Watch it for 30-60 minutes during market hours
  • Don't try to predict anything - just observe

What You're Learning:

• How fast price moves

• How volatile the market can be

• What candlesticks look like in real-time

• How your emotions react to movement (even without money involved)

Action Item:

Spend at least 1 week (5 trading days) watching the market for 30+ minutes per day.

No pressure. No trades. Just observation.

Step 4: Focus on One Stock

What This Means:

Pick ONE instrument and commit to mastering it. Don't jump around.

Why This Matters (The Girlfriend Analogy):

Imagine you had 10 girlfriends. You'd never be able to master any of their behaviors. You'd never fully understand what triggers them, what makes them happy, or how they react under stress.

But if you have ONE girlfriend and you put all your energy into understanding her, you'll master everything about her.

Trading is the same way.

If you trade 10 different stocks, you'll never master any of them. But if you focus on ONE, you'll start to understand its patterns, behavior, and how it reacts in different conditions.

My Recommendation:

ES (S&P 500 Futures) or SPY/SPYU (S&P 500 ETF)

Why? Because it's liquid, it follows institutional money, and it's what I trade.

Action Item:

Pick ONE instrument and commit to it for at least 3 months. No switching.

Step 5: Consume the Right Knowledge

What This Means:

Now that you've done the groundwork, it's time to actually LEARN.

But here's the problem: YouTube and social media are full of FAKE traders showing simulator accounts, fake profits, and strategies that don't work.

How to Spot a Fake Trader:

  • They don't show their live account login
  • They don't show real-time trades with timestamps
  • They talk more about lifestyle than strategy
  • They can't explain their backtesting process

What to Look For:

  • Live account verification
  • Real-time trade executions
  • Statistical data and backtesting
  • Transparent results (wins AND losses)

Where to Start:

My YouTube Channel - I show my live account, my real trades, and I break down exactly how I approach the market. No BS. No fake profits. Just real trading.

Action Item:

✓ Subscribe to my YouTube channel

✓ Watch at least 5 of my long-form videos

✓ Take notes on concepts that resonate with you

✓ Avoid short-form "get rich quick" content

You've Completed the 5-Step Checklist. Now What?

If you've done all 5 steps, you're already ahead of 90% of people who try trading.

But this is just the foundation. The REAL work begins now:

Next Steps:

  1. Find a Proven Strategy - One that's backtested for 20+ years
  2. Backtest It Yourself - Verify it works with your own eyes
  3. Paper Trade for 2-3 Months - Practice without risking real money
  4. Go Live - Start with prop firms (day trading) or small capital (swing trading)

Want My Help?

I offer two ways to fast-track your learning and avoid the mistakes that cost me 4 years:

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