The **set up conditions** amount to your screening criteria. For example, if you trade stocks, there are 7,000+ stocks that you might decide to invest in at any time. As a result, most people employ a series of screening criteria to reduce that number down to 50 stocks or less. Examples of screens might include William O’Neil’s CANSLIM criteria or a value screen for stocks with good PE ratio or a fundamental screen having to do with management and its return on assets. You might also have a technical set up, just prior to entry such as watching the stock to go down for seven straight days.