Map a process flow if want to improve your trading | stockbee

6/03/2015

Map a process flow if want to improve your trading





The first starting point for anyone serious about making money trading or investing is to have a detailed process map. Profitable setup ideas are dime a dozen. Most of the profitable setups used by traders are in public domain. If you go through couple of books or blogs you will find several of them.

But the key to making money from those setups is to develop a method to trade them daily. Setting up a daily process is where many traders struggle. As a result they fill overwhelmed and confused. If they setup process flow and improve it over time then the effort starts paying off.

For example if you say read a book like How I Made $2000000 in the Stock Market, the next logical step is to setup a daily process to find those stocks. And then perfect the process over time. Absent that no miracle happens.

Similarly if you read How to Identify good momentum burst and make millions , the next logical step is to setup detailed process flow to trade that method. Once you have process you can start to improve it. If you had a process for  doing what was discussed in that blog post above, you would on your own found a stock like ZAGG yesterday as it had momentum burst. It was also highlighted in anticipation setup yesterday.



Once you have process you can do things in less time. However imperfect your  first attempt at setting up a process , it is the first starting point to becoming profitable trader. As you start setting up a process you start to understand a method or idea better. You are forced to break it in component parts

In the beginning run only one or two processes. Your brain will not be able to handle many processes simultaneously. So be less ambitious . Do not trade lots of setup. Trade only one setup and perfect process flow for it to the level of microscopic details.

I have shared a setup idea with detailed process steps several times to find anticipation setups , if you understand that setup idea and use it you will today find stocks like these:

AMZN
PDCE
DATA
BCO
WWWW
BGC
ALSK
RVNC
NFLX
DY
RGEN
WUBA
CMCM
AST

If someone shares an idea or a trade the first question you should always ask is what is the process to do this. You read a trading book , fine but unless you have a process to convert that books trading idea nothing will happen. 

Many setup ideas that have made me money have been shared on this site with process used to find them. If you are serious about trading and more importantly making money swing trading then study some of them . 

For any method you want to trade if you set up a good process flow , you will find trades on your own, you will know when to enter them, with how much risk , when to exit them  and how to lock in profit. It is a process loop. Once you develop it , you just need to run your process loop again and again and again. 

If you want to make millions trading start today by first setting up a process flow. 

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