Stock Market trading
daily routines.
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in bull or bear markets
Stock and option
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Typical Routine of Traders.

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YOU WILL NEED A TRADING COACH TO SORT IT ALL OUT!

       Developing 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 call 772-228-8022 or email

Daily Routine:                             

Some sites to consider: 

www.finfiz.com (for charting, sectors, scanning)   Free
www.briefing.com   (for news, market outlook)  Free
www.thinkorswim.com online broker  trade commissions 
www.bloomberg.com      (news, commentary)   FREE
www.finance.google.com   (used for pre-market charting)  FREE

     Find one or two sites in each category below that you feel comfortable with and use them.

Market Environment Assessment:  

  1. www.marketwatch.com

  2. www.cnbc.com

  3. www.money.com

  4. finance.yahoo.com/?u

  5. www.briefing.com   

Check Pre-market activity:  

  1. www.briefing.com 

  2. screening.nasdaq.com - Premarket activity

  3. dynamic.nasdaq.com - NASDAQ premarket activity and update

  4. CNBC T.V. or Bloomberg (your local cable channel)

  5. www.coveredcalls.com  -  Find cover call plays with 5 to 10% premium  

Check Sectors:  How are the sectors of the stocks you hold or are watching performing, any changes?  

  1. www.barchart.com 

  2. www.stockcharts.com  

  3. www.bigcharts.com

  4. www.smartmoney.com

  5. www.marketwatch.com

Check News on any open positions

  1. www.finance.yahoo.com

  2. www.earnings.com

  3. www.whispernumber.com

  4. www.briefing.com

Check Volatility (is it increasing/decreasing) on open option positions or potential trades:

  1. ivolatility.com  - Options Tracking of volatility

Check watchlist charts:  There's no point in making a watchlist if you don't watch it.

  1. Check your current holdings/position charts:  Should you make any change in your stop-loss?  Where's the fear?  The greed?

  2. Any entry points in the setup?

  3. Is the setup still viable given market conditions?

  4. Should you keep it or discard it from your list...be a cherry picker with your watch list.

  5. Add to the list newfound potential breakout or entry points on bullish pullback or selling into a bear rally.

 Run New Scans for the day

Recommend this site to a friend

Weekly Routine                       

Economics

                Make note of the government economic releases, The Wall of Worry, coming this week.  Pay particular attention to the A-F rating that the indicator shows.  Needless to say, the A’s and B’s are important enough to have significant impact on the markets – in some cases for weeks to come.

Earnings

   Check upcoming earnings for the week.  Is a powerhouse announcing earnings this week, could it impact on your sector or your stock?

Run Scans thru various web sites :  

  1. www.barchart.com - under "sectors", click on "monthly"- then run "flip charts". 

  2. www.cnnfn.com  

  3. www.wsj.com - the mother of all financials, for a fee.

  4. www.barrons.com  - excellent

  5. www.marketwatch.com

  6. www.investors.com  Investors Business Daily

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