| Do you have a plan for today or are you going to play it by seat of your pant | |
| What is your trading plan for pre market Which method would you focus on in pre market If you identify a good EP in pre market how will you enter it Have you looked at last nights earnings What are the 2-3 best opportunities you must watch at open from that list | |
| What method is your primary focus for first 2 hours after market open | |
| What is your view/bias about market direction today What is the view based on Is it based on historical tendencies Is it based on breadth model like Market Monitor | |
| If it is bullish what is your plan | |
| If it is bearish what is your plan | |
| Are you comfortable with your current positions Which one you want to carry forward Which one you want to close today which ones you want to add to or reduce | |
| What psychological tendencies do I need to watch for today | |
| Am I in right emotional state to trade profitably today |
3/09/2010
Do you have a plan for today
As I said in that Kirkreport strategy session, I have created structure around my setups and methods and checklist. This is one example of that. Every day morning I use this planning sheet to structure my thinking. Like this there are several tools I use to keep focused and avoid noise.
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