1. At resting potential both K+ & Na+ channels closed (Na+ channel closed but capable of opening mode)
2. Triggering event slightly depolarises membrane & causes activation gates to open, favouring Na+ into cell through concentration & electrical gradients
3. Cell becomes more depolarised - more Na+ enters until threshold is reached -> lots of Na+ gates open fast & inside of cell becomes positive. At the same time inactivation gates begin to close with delay & K+ gates open with delay
4. K+ gates open and consequently allow K+ to exit cell fast up both electrical (now cell is highly positive due to Na+ inside) and concentration (less K+ outside) gradients
5. No more Na+ enters (gates closed) and K+ (gates open) leaving cell. Restores internal negativity of cell
6. K+ gates then close, but because they are slow, neuron tends to hyperpolarise