Est. 2002

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Developing a routine in trading develops into a discipline ... plan your trade, trade your plan.

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 About WSW

 Coach's Bio



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 Sector Rotation

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If you don't have a routine... get one together.
Either you know what you're doing or you don't.

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While you are being coached about trading, you should, simultaneously, put together a routine for trading.
Have a plan, trade the plan.

See the daily routines that you will do in one form or another as part of your trading discipline.

   Weekly Routine
  • Make note of the government economic releases coming this week.  Pay particular attention to the A - F ratings 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.
  • check upcoming Earnings for the week.  Perhaps a large corporation is announcing earnings this week, could that impact on your sector or your stock?
  • Update your Watch Lists.
  • Run new scans
  • Review your three major indicator charts of the SPX, INDU and COMPQ - how are they trending?  Change it to a one week chart - what does it look like now?
  • Visit sites like www.cnnfn.com, or www.cnbc.com or www.wsj.com or www.barrons.com and last but not least, www.marketwatch.com for a general reading/anticipation of what the "experts" expect.
  • Check the VIX index - is it high or low-- trending?
  • In www.barchart.com, under the Sectors section run the Flip Charts on the sectors.  What's trending up/down?  Then see what stocks are in that sector...any good looking charts?  (tip:  use the "flip chart" button on right side of site page)
  • What sectors/industries are leading the trend?


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    Daily Routine

See how some  websites might be
used in a typical day ...click here.

  • What is the premarket activity like?

  • Is the market tending to follow through on the close from the previous day?

  • Any blockbuster market or sector moving news to consider trading in?

  • What companies are reporting earnings today?  Could they affect your stock position?

  • Check news on any trades you have open positions in.

  • Check charts in your watch lists stocks...any entry points in the setup?

  • Should you make any change in your stop-loss?

  • How are the sectors of the stocks you hold doing?  Any changes?

  • Consider running scans for gapping stocks for potential trades.  

  • Set alerts 

  • Eliminate from Watch Lists those stocks whose setup has failed.  Add to the list new found potential breakout or entry points on bullish pullback or selling into a bear rally.

  • For all it's pro's and con's if you can get CNBC TV let it run in the background.  I prefer Bloomberg TV. You're not trying to trade from the news as much as looking for a stock to examine more closely.  They are good at giving a 'feel' to the market, but they are terrible at hyping the current situation and thus getting your adrenalin running (that's a bad thing), in my opinion.

  • At end of day make sure to review the market summary.

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