In the previous article, you learned a lot about after-hours and pre-market price action and how to combine this price action with higher timeframe levels – let’s call this combination a Setup. When building your playbook, you should give names … Read More
Most of your edge in trading stocks-in-play is coming from discretion and it’s pretty small. Of course, many bright minds will use their backtests to gain a bit more edge – and this is really helpful to know that, for … Read More
Preparation You can’t overestimate the importance of preparation. You must be prepared before entering any aggressive environment. Just as NASA prepares its astronauts to construct and connect space modules in a pool before working in outer space, you must prepare … Read More
Plan A way to make money in the market is to have a detailed plan. There is no game if there is no plan—you will hustle, you will stumble, you will lose. A trading plan is essentially a series of … Read More
Discipline Discipline is a skill that allows you to maintain your best practices consistently. You have to be disciplined to honor your stops and profit targets, prepare each morning, fill journals, review your trades, stick to your plan, and more. … Read More
Trading journal The concepts discussed here have been examined by sports and trading psychologists, and they will help your trading career tremendously. It can’t be emphasized enough how important it is to log data on what you are doing. While … Read More
Best movers This routine is pretty simple. At the end of each trading session, check the best up movers and down movers. Try to understand: What catalyst stands behind the move How extended the move is How the instrument moved trough … Read More