Getting in to right mind frame for trading today

Right mind frame is critical to your trading success. A right mind frame allows you to identify market opportunities quickly. It allows you to make quick decisions. It allows you to avoid big losses and respond to market changes quickly. If you want a quantum leap in your trading, you need to work on your mind as much as on your market understanding, methods, scans, and many other things. To do this successfully you need to develop a method to constantly keep your mind aligned to the market opportunities. When the mind and market is aligned you will be in winning streak. When the alignment breaks down you will have frustration and losses.

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

A simple grid like this forces you to pre think some of the decision areas.

Here is an example of how we use it on the Members Only Site.

Yesterdays morning plan:

What is your trading plan today morning	Wary of gap up. based on past experience gap up opens can fade. So very alert for profit taking opportunities. Book partial profits on open positions Single best idea based on earnings PWRD Willing to commit up to 5% risk to pwrd if it acts well. Recommend pwrd in Working People section if it triggers. Look for opportunities in Chinese sector Everything is being driven by being invested on margin. So only focus on big opportunity. Kill other positions later if a big ep position is established early. Positions to kill in that case: mstr ffiv chln nflx (may be 25 to 50%)
What method is your primary focus for next 2 hours after open	EP
What kind of mind frame is required to execute that plan	Quick decision making based on past experience. Willingness to back up the truck on good ep idea. No pre mature buying. buy only if volume comes.
What is the like outcome if the plan and market align	If pwrd works according to plan a opportunity for 50% plus trade exists.
What is the likely outcome if the plan and market do not align	No opportunity. If market shows even a hint of reverting book profit on open positions.
What should I observe about myself and the market to be aligned with market and not miss a opportunity	Don't commit till volume and price confirms move on pwrd Don't hesitate to reduce positions in case of reversal. Being on margin risk is high of giving up built up profit so far
What should I observe about myself and market to warn me about my alignment with market	Impulsiveness. Not risking enough on big position. for example should have committed more to RINO on Friday based on catalyst.

Are you serious about your trading?

If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.

It is only for those who want to develop their own self sufficient trading method. It is not a stock picking service. It is service for you to build your own scans and trading method to have your own daily pick based on your method.

Be warned it will take you time to learn to trade. Learning to trade is difficult art and unless you are willing to spend months or years to perfect your strategy and also develop your mental edge you are unlikely to succeed in this game. Unless you understand that no site, no service, and no mentoring is going to work.

Why traders come to stockbee?

The member site is one of the most recommended site for learning to trade by other traders and bloggers. You will see no advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant twits self promoting the site, no free trial  and no tall claims of making you instantly wealthy, and yet the site attracts new  members everyday. Members come from all walks of life and all kinds of trading size and trading styles.

You will see that many trading bloggers have been using my market timing methods, scans , stock ranking lists and chart templates. They have developed their own methods based on my methods. Many paid newsletter site recommend my site to their subscriber for learning about trading and market.

Over the years thousands of traders have been members and those who benefited from the learning talk about the site to others or talk about the methods used and that is how new members learn about the site.

What will I learn in the members site?

The members site will give you in depth understanding to develop your own trading method. The emphasis is on making you self sufficient and confident of your own trading method and style.

As a member you will learn the basics of swing trading, momentum investing, growth investing and risk management.

You will learn about Stockbee Trend Intensity Breakouts method that uses momentum based swing trading to find 3 to 5 day swing trades for 8 to 40% profit.

You will learn about Stockbee Episodic Pivots Breakout method which uses Post Earnings Announcement Drift (PEAD) to find stocks that had a game changing earnings and that are likely to rally for 3 months to 12 months.

You will learn about  Stockbee Dollar Breakout method that uses momentum, range expansion and swing trading approach to find 5 to 40 dollar moves in high priced stocks.

You will learn about  Stockbee Lemonade Strategy for 401k which uses market timing and momentum to invest in 401k. You will get weekly update on how I am using the strategy on our 401k to do allocation decision.

You will learn about Stockbee Market Monitor method for market timing using breadth. It allows you to avoid risky periods in market and allows you to identify market turns. It is used for 401k allocation decisions.

You will learn about Stockbee Double Trouble method to find stock with confirmed upside momentum using anchored momentum and that are likely to continue their up move.

You will learn about Stockbee Night Time is Right Time method to find news catalyst based trade ideas for short term day trade and swing trade.

You will learn about Investor's Business Daily’s IBD 200 list and how it can be used to find swing trading candidates for explosive moves.

You will learn about Telechart 2000 and how to use it effectively to scan for swing and position trade ideas and to set up your 401k strategy.

You will learn about Jesse Livermore Range Breakout, Darvas Box setup, and many other member shared methods.

You will learn how to set up your own scans, select right kind of stocks, how to set up stops, when to enter , when to exit, how much to risk, how to track your trades and all other details about trading. You will learn about developing your own methods and not relying on others for trade ideas.

The site has hundreds of videos and trading methods and variation of methods. Members help each other in developing the methods and share actively their research and finding. A collaborative spirit allows you to get input from others on your trading ideas or problems.

The site gives you opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different background and experience willing to help each other. The emphasis is on continuous learning and up gradation of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors and new traders.

If you are looking to develop your own trading strategy the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on members site. Every method, every scan, every nuance is detailed and all possible help is offered to design your own method.

Do you have a trial?

If you are just looking for trial you are better off trying thousands of other trading sites that offer free trial or one month trial and offer you promise of riches.

It is for those who are ready beyond the trial phase and ready to put serious months or years  of efforts to learn to trade on their own. It is for those who want to learn to find their own fish.

The free blog has all the details about the methods I trade and if you go through the posts highlighted in the sidebar you will learn about them.

How can I become a member?

To sign up go to www.stockbee.biz and follow the sign up process. The site uses Paypal for payment processing.