Mastering Market Prep: A Consistent 2-Step Trading Process

Set the Tone for Your Trading Week: Be Prepared!

Are you entering the market prepared, excited, and relaxed? Or are you scrambling and trading by the seat of your pants?

For many traders, it’s the latter. I know this because I traded without a plan for years! It was like stepping into a boxing ring unprepared – not a great idea!

How to Prep Like a Pro

Market prep doesn’t need to take much time, but it does require consistency. Your trading process should:

1. Help you meet your goals
2. Be executable
3. Be enjoyable

If you’re missing any of these elements, it’s time to reassess.

Key Questions to Ask Yourself:

• Does my trading process help me meet my goals?
• Can I execute it well?
• Is it enjoyable?

If you’re not hitting all three, consider joining our research program for guidance and support.

My 2-Step Trading Process

Step 1: Gauge the Market’s Mood

• Review major indexes on Monthly, Weekly, and Daily timeframes.
• Assess the number of New Highs vs. New Lows.
• Observe stock setups: quantity, types (bullish/bearish, early/late stage).

Step 2: Find Trade Ideas for the Week

• Assess setups from Step 1.
• Determine Reward ratios.
• Focus on setups with at least 3:1 potential.
• Place working orders with your broker.

Consistency is Key

This process only takes a couple of hours each weekend and has been integral to my success even before I quit my day job. Remember, make the process your own. Modeling success works; cloning it does not.

For a deeper dive, check out my short video on market prep. Enjoy and happy trading!