Having a positive and consistent morning routine will go a long way to becoming a successful trader. Most morning routines that we have used in the past include some kind of meditation and relaxation of the mind. This is the most critical part of controlling [...]
While there are several factors that make a trade successful, these components are essential with every trade you place: Plan every trade ahead of time. This includes entries, targets, stop losses. Avoid surprises by only trading during high-liquidity hours. Watch for news releases and avoid [...]
1. Pre market Planning Your pre-market planning routine will set the stage for all your trades as well as your trading day and week. This is the time to get all your preparation done and also get yourself into the appropriate mindset. It may include [...]
Human Ego affects all traders. Regardless of whether you are a Buddhist monk or excellent disciplinarian, every trader struggles with taming their ego... Make sure your ego is in control. We'll be posting some more extensive content about Trader Psychology over the coming months.
Failing to have a trade plan The number one mistake that most day traders make is not having a trade plan and strict trade process. A trade plan is a set of rules that each trader must create. These rules allow the trader to be [...]