See the Hypos

Merritt BlackFree Daily Trading Video, Futures

Today we’re looking at creating premarket if/then statements. There’s a powerful list of benefits associated with adding this to your routine. I hope that is helpful to your own trading. Merritt Black *No relevant positions Important Disclosures  

Check In With Yourself

Merritt BlackFutures, General Comments

One thing I consistently see with most traders I mentor is a lack of a holistic premarket preparation routine. Yes, most already check the news, find things they’re interested in trading, and begin to pour over charts for levels and patterns. Pretty standard. All good things ,but… What I teach my mentees is to add checking in with themselves! Sure, we … Read More

See the hypos!

Merritt BlackFutures, General Comments, Intraday Levels, market structure, Trader Development

I’m grinning from ear to ear today. One of my mentees was tasked yesterday to begin preparing premarket “hypos” each morning. It’s just what it sounds like – a few hypotheses for how the day might unfold, therefore providing a roadmap for the day with key inflection points and potential targets. Here’s a screenshot of his premarket journal post in … Read More

The Benefits of Pre-Market Preparation

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trader Development, Trading LessonLeave a Comment

Profitable trading is a process. That process starts before the market opens. Great traders expect to make money because they stack high-probability ideas into their game plan. Trade management and adjustments are important too, but the stronger the underlying idea, the easier – and more consistently profitable – the trade will be. This post will walk you through the morning … Read More

$LULU Trade Preparation

adminGeneral CommentsLeave a Comment

In this video prior to the market open on December 6th Steve discusses how to approach trading LULU following its earnings release: LULU is described as “Amazon Junior” by Steve because it has a tendency to be bought on earnings gaps and show great strength after an initial gap down LULU is a tough intra-day short when moving higher following … Read More

Stock scans for 3/25

AdamAdam Grimes's blogsLeave a Comment

I talked quite a bit in the webinar I gave last week about using daily stock scans to prepare for the trading day.  I also said I would post the scans I send to SMB traders for a couple weeks, so here they are for end of day Friday: