✅ Plan 1. Premarket Routine Developing routines in our lives helps us to stay on track and reach goals. By analyzing our current routines and making adjustments, we’re able to form new habits. A skill that is rewarded in this business. Read prior day’s lessons in Trading Journal Check Forexfactory.com Read Playbook Form Intraday Bias Top-down analyis and marking POI’s 2. Visualization Visualization is a great tool to include in your morning routine. Visualize yourself taking a trade and going through all the steps outlined in your Playbook I accept that I have no idea what the outcome of any individual trade will be I accept that today could be a negative day I accept the loss of my next trade financially I accept I will get stopped out on trades that reverse and rip in the direction of the setup I accept that when I take a well-considered trade, I hold it Plan 1 3. Hard Rules You want to get very specific with some macro rules for your trading business. Take a random trade, switch to SIM for rest of day 4. Risk Management You don’t need to over complicate your risk management. 0.5% per trade 1% max per day (2 SL) 5% max per week (10 SL) 5. Trade Management Trade management can be less strict, you can use a little more intituition on each individual trade. 50% out at 3R SL to BE at 2R 6. Aftermarket Routine All traders make mistakes. The question is whether or not you will analyze those mistakes to learn from them? Complete Scorecard for ever trade taken that day Complete journal entry discussing market conditions for the day and reviewing your execution Plan 2 Input trades into spreadsheet for analytics Meditate Workout Trading can be emotionally challenging at times. There’s not many professions where you go to work and perform your best yet at the end of the day you leave with less money than you started. Keeping mentally fit is imperative in this business. 7. Weekend Routine On Sunday evenings I have a routine to prepare myself for the upcoming week. Review trades from the past week Backtesting, Learning, etc. Goals for upcoming week Create Weekly Outlooks on NAS, SPX, DXY 7. Monthly Routine On a monthly basis you should perform a thorough analysis on your trading business. Examine your processes and trading analytics, looking where you can improve. Review trade analytics and make adjustments to strategies Write main goals for upcoming month 8. Goals/Achievements Reflecting on why you started trading in the first place is important. Don’t ever lose sight of your goals. Zero random trades for a week Plan 3 Average trade score of 7 for the month Plan 4
