Stock market trading coach: trade
stocks, options, sector rotation, technical analysis, and market
Learn to trade and
Stop thinking like an
Stop Fear --- Stop Guessing
--- Stop Frustration
Typical General Routine of Traders.
a trading routine, daily and weekly, goes hand in hand with the
discipline of trading. It takes routine discipline to
search out potential trades and get the information that is
critical and/or important to that potential trade. Routines develop good habits and
discipline. If you
don't have a routine, work hard at getting one together or
Everyone starts with some sort of
organized process. Over time, you'll tweak the sites you use
and trust them and plan accordingly. Avoid jumping and using
100 sites initially. You'll get confused easily as you'll
note that all the information is not identical, and some may
be contrary to what others say.
Some sites to consider:
Find one or two
each category below that
you feel comfortable with and use them.
- NASDAQ premarket activity and
T.V. or Bloomberg
(your local cable
- Find cover call
plays with 5 to 10% premium
How are the sectors of the stocks you hold or are watching performing,
on any open positions
(is it increasing/decreasing)
on open option positions or potential trades:
- Options Tracking of volatility
your current holdings/position charts:
Should you make any change in your stop-loss? Where's
the fear? The greed?
entry points in the setup?
the setup still viable given market conditions?
you keep it or discard it from your list...be a cherry picker with
your watch list.
Add to the list newfound potential
or entry points on bullish pullback or selling into a bear rally.
New Scans for the day or week.
Make note of the government economic releases,
The Wall of Worry, coming
particular attention to the A-F rating that the
Needless to say, the A’s
and B’s are important enough to
have significant impact on the markets – in some
cases for weeks
upcoming earnings for the week.
Is a powerhouse announcing earnings this week, could it impact
on your sector or your stock?
Scans thru various web
or your own broker's software:
- under "sectors", click on "monthly"- then run "flip charts".
- the mother of all financials, for a fee.
for a fee.
Investors Business Daily
site to a friend
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