The past few weekends, I’ve been coming into the office to prepare for the next week of trading. Generally I do this at home, but when I need to get a lot of work done, I’ll come into the office to do it. Since I feel like we’re at a turning point in the market, I’ve been doing some more work.<\/p>\n
Generally, I’ll look over some tape from the past week. I’ll look at tape from some of the stuff I traded that week. I’ll focus on things I traded poorly, but I also look at stuff I traded well, and try to figure out how I could’ve traded it even better. This has helped me identify places in trades where I could have been more or less aggressive.<\/p>\n
Next, I’ll try to identify levels in stocks I trade. Levels I think will give me an advantage during the week. I use Prophet to look through charts. I think it’s a great resource to scan through lots of charts pretty quickly.<\/p>\n
Probably the most important part of my weekend preparation comes with my reading. I will read through a bunch of different blogs to get different perspectives on the market. From there I can see what will be market moving forces during the week, as well as get an idea as to what situations could arise that would affect the market later.<\/p>\n
Last, I’ll visualize my trades. I don’t necessarily set aside a specific time period for this, but randomly throughout the weekend, I’ll visualize trades that I see myself executing throughout the day.<\/p>\n
All in all, I think weekend preparation is a definitely needed to be successful. I think having a few days off gives you the ability to calm yourself down for a little bit from the market action, and think a little clearly.<\/p>\n","protected":false},"excerpt":{"rendered":"