My daily trading routine
My daily trading routine involves trading with key thoughts in mind. This process should help eliminate some mistakes related to position size, trading the wrong account or contract, trading during news or just not preparing your mind to trade.
As I start looking for potential trade setups, I keep my key trading thoughts in mind. This will help keep me out of trades that are not in my trading plan, keep me alert and ready to pounce on good opportunities.
I have a checklist for what I am suppose to do before I initiate a trade. This checklist have all the things that need to happen before I initiate a trade. The checklist include (1) the exact levels where I have to place my stop loss and take profit; (2) only initiate trades of a certain currency pairs, commodities, or stocks. (3) only open a trade when there is no major economic data expected.
As I start looking for potential trade setups, I keep my key trading thoughts in mind. This will help keep me out of trades that are not in my trading plan, keep me alert and ready to pounce on good opportunities.
I have a checklist for what I am suppose to do before I initiate a trade. This checklist have all the things that need to happen before I initiate a trade. The checklist include (1) the exact levels where I have to place my stop loss and take profit; (2) only initiate trades of a certain currency pairs, commodities, or stocks. (3) only open a trade when there is no major economic data expected.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
