Daily Trading Routine

1. Daily Self Analysis
Rate your psychology before trading (1-10)
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2. Develop Low Risk Trade
Do market analysis
Ensure all ’stars’ are align before entering trade
Minimize risk
Preserve capital
Remove higher risk trade
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3. Mental Rehearsal
Pre-plan your trading plan
Anticipate problem & resolution (stop loss)
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4. Be a Stalker
Stalk the maket till all ’stars’ align then enter
Be patient
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5. Be a SNIPER
AIM
FIRE!
with speed, bold, courage
commitment to trading plan
discipline
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6. Monitoring
CLOSE MONITORING when first enter trade. Exit if trade fails. Intraday Chart
OVERVIEW MONITORING when market moves in favor. Trail your stop loss. Daily Chart
CLOSE MONITORING when some action Might be necessary eg. sudden move in price range, gap, parabolic trend etc. Intraday Chart
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7. Abort / Take Profit
Cut your losses short, Let your profit run
Exit when stop loss is activated in failure
Partial profit (short term) when psychology is stressing
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8. Daily Debriefing
Review whether there is any mistakes.
Do 3 WHYs
Following trading plan & rules?
Review & consider the options available when the mistake is made