Typical General Routine of Traders.
Developing a trading
routine, daily and weekly, goes hand in hand with the
discipline of trading. It takes routine discipline to
search out potential trades and get the information that is
critical and/or important to that potential trade.
Routines develop good habits and discipline. If you
don't have a routine, work hard at getting one together or
Everyone starts with some sort of
organized process. Over time, you'll tweak the sites you use
and trust them and plan accordingly. Avoid jumping and using
100 sites initially. You'll get confused easily as you'll
note that all the information is not identical, and some may
be contrary to what others say.
Some sites to consider:
one or two sites in each category below that you feel comfortable with
and use them.
Market Environment Assessment:
Check Pre-market activity:
- Premarket activity
- NASDAQ premarket activity and update
(your local cable channel)
- Find cover call plays with 5 to 10%
Check News on any open positions
- Options Tracking of volatility
Check your current holdings/position
Should you make any change in your stop-loss? Where's
the fear? The greed?
Any entry points in the setup?
Is the setup still viable given market
Should you keep it or discard it from
your list...be a cherry picker with your watch list.
Add to the list newfound
breakout or entry points on bullish pullback or selling into
a bear rally.
Run New Scans for
the day or week.
Make note of the government economic releases,
The Wall of Worry, coming
this week. Pay
particular attention to the A-F rating that
the indicator shows. Needless to say, the A’s
and B’s are
important enough to have significant impact on the markets – in some
cases for weeks to come.
upcoming earnings for the week. Is a powerhouse
announcing earnings this week, could it impact on your sector or
Scans thru various web sites
or your own broker's software:
- under "sectors", click on "monthly"- then run "flip charts".
- the mother of all financials, for a fee.
for a fee.
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