In this serial of posts, I volition outline the steps I become through inward the trading process. I desire to stress that at that spot are other ways of trading, as well as what I depict is non at all necessarily best for all traders. My promise is that this explication of procedure volition handle traders reverberate on their ain processes as well as tighten those up. I too promise that, inward absorbing examples of trading from many writers, traders tin to a greater extent than readily honor their ain synthesis as well as style.
The commencement pace inward trading for me is identifying what nosotros mightiness telephone phone context. Context refers to all the factors surrounding the upcoming day's trade. That includes whether the prior twenty-four hours was stronger or weaker than the day(s) before, whether we're trading inward a short-term arrive at or trending, whether markets correlated to stocks are inward a trending or arrive at mode, as well as whether volatility is expanding, contracting, or remaining relatively constant. Context too includes tidings items as well as economical releases as well as how markets accept responded to those inward recent days as well as inward pre-opening trade. Finally, context too includes intermarket themes as well as leading sectors that accept impacted the stock marketplace as well as whether those correlations accept been waxing or waning.
I late posted a collection of posts illustrating the marketplace indicators that I follow; each week, I too postal service an update of approximately of the indicators that are nearly of import to my assessment of context. Through morn Twitter posts (Key Post on My Trading Process
Preparation as well as Reasoning
How Preparation Affects the Perception of Time
Preparation as well as Execution of Trade Ideas
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