June 14, 2015

A Trader's Daily Routine/Process

What's up guys? I talk a lot about the importance of creating a routine for each portion of the trading day, including weekends. In fact, in my Laws of Trading blog post, I arrogantly stated that,

"A structured daily routine (a.k.a. process) is the single greatest predictor of a successful trader. Don't focus only on trading successes & failures or swings in P&L. Focus your energy on setting a clear routine for each portion of the day, as well as weekends, and adapt that routine as you evolve as a trader."

So in this post, I wanted to give you a better idea of what I meant and what my daily and weekly routine looks like. This is just my routine and hopefully it you gives you some ideas to work with in order to craft and refine your own routine to tackle the stock market.

Pre-market 8am-ish
Review today's trading goal.
Check watchlist stocks. Check TOS for stocks gapping up for chart patterns.
Perform TA then look for any of my best trade setups with good signal bars. 
Journal thoughts about chart and trade ideas to improve performance and reduce stress.

June 7, 2015

Stock Market Analysis and Trade Management

What's up everybody? I hope you've enjoyed your weekend. I've had a great weekend so far visiting family and getting to watch the final horse race for the coveted Triple Crown, the Belmont Stakes. Finally we have a Triple Crown winner in over 30+ years! I don't know about you guys but it felt like watching history! Anyway, enough slacking off and back to business.

In today's post I wanted to talk about how I find the best stocks to trade, how I analyze them, and how I trade them, as well as some key insights to remember. The following structured process continually evolves as I grow as a trader. Some of the terminology won't make sense unless you've been trading for a while or have read Al Brook's books on trading price action (I get zero referral fee if you're wondering).

I think it's important to reiterate I'm not a professional trader or a FURU masquerading as one. I'm an aspiring trader continuously learning about and adapting to the market. My process discussed below is the current culmination of lessons learned up to this point in my career as a trader (2+ years as of right now). And as always, I appreciate any feedback or constructive criticism in the comments below!