Week 11 – Consolidation and Flag Pattern Plays
Monday - Day 51
9:15 AM Quickly meet with your Mentor to screen the stock(s) you will trade on the Open.
9:25 AM Record the Open. Find some time to review the recording of your trading. Develop a system to review the recordings of your trading and execute this plan consistently. The more screen time that you receive the more you will improve as a trader. While watching the recording of your trading, take notes on what you did well and do more of that. Also, take notes on what you must eliminate.
11:00 AM Have A Trader's Day open on your desktop and check off everything on that list.
11:05 AM Watch your recording of the Open
11:45 AM Talk with a Senior Trader or Mentor about Reading the Tape. You must learn how to Read the Tape. And you should seek out Senior Traders and Our Mentors to get better at Reading the Tape. Also, listening to a Senior Trader or Mentor commenting about the Tape while trading live is one of the best ways to learn. So listen and learn.
2:55 PM Record the Close
4:01 PM Make notes in your Trading Journal. Everyday you should have one goal at the top of your Trading Journal to accomplish for each trading day.
4:15 PM Watch your Recording of the Close
4:45 PM Print out your trades and review them
5:05 PM Fill out Track Your Progress Sheets
5:15 PM Read: http://traderfeed.blogspot.com/
5:25 PM You are personally responsible for your success. Did YOU do everything that you could today to improve? Develop a goal for tomorrow.
Wednesday - Day 53
9:15 AM Quickly meet with your Mentor to screen the stock(s) you will trade on the Open.
9:25 AM Record the Open. Find some time to review the recording of your trading. Develop a system to review the recordings of your trading and execute this plan consistently. The more screen time that you receive the more you will improve as a trader. While watching the recording of your trading, take notes on what you did well and do more of that. Also, take notes on what you must eliminate.
11:00 AM Have A Trader’s Day open on your desktop and check off everything on that list.
11:05 AM Watch you recording of the Open.
11:45 AM Talk with a Senior Trader or Mentor about Reading the Tape. You must learn how to Read the Tape. And you should seek out Senior Traders and Our Mentors to get better at Reading the Tape. Also, listening to a Senior Trader or Mentor commenting about the Tape while trading live is one of the best ways to learn. So listen and learn.
2:55 PM Record the Close.
4:01 PM Make notes in your Trading Journal.
4:15 PM One Good Trade after the Close. Please prepare One Good Trade and email your work to [email protected] before our meeting.
5:00 PM Track Your Progress Sheets.
5:15 PM Read: http://traderfeed.blogspot.com/
5:25 PM You are personally responsible for your success. Did YOU do everything that you could today to improve? Try to accomplish Goal (19) Increasing your tier size to 300 shares.
Thursday - Day 54
9:15 AM Meet with your Mentor to screen the stock(s) you will trade on the Open
9:25 AM Record the Open.
11:00 AM Have A Trader’s Day open on your desktop and check off everything on that list.
11:05 AM Watch your recording of the Open.
11:45 AM Talk with a Senior Trader or Mentor about Reading the Tape.
2:55 PM Record the close.
4:01 PM Make notes in your Trading Journal.
4:15 PM Review your Trades with your Mentor.
4:40 PM Watch your Recording of the Close.
5:00 PM Track Your Progress Sheets
5:15 PM Read: http://traderfeed.blogspot.com/
5:25 PM You are personally responsible for your success. Did YOU do everything that you could today to improve? Develop a goal for tomorrow.
Friday - Day 55
9:15 AM Quickly meet with your Mentor to screen the stock(s) you will trade on the Open.
9:25 AM Record the Open. Find some time to review the recording of your trading. Develop a system to review the recordings of your trading and execute this plan consistently. The more screen time that you receive the more you will improve as a trader. While watching the recording of your trading take notes on what you did well and do more of that. Also, take notes on what you must eliminate.
11:00 AM Have A Trader’s Day open on your desktop and check off everything on that list.
11:05 AM Watch your recording of the Open.
11:45 AM Talk with a Senior Trader or Mentor about Reading the Tape. You must learn how to Read the Tape. And you should seek out Senior Traders and Our Mentors to get better at Reading the Tape. Also, listening to a Senior Trader or Mentor commenting about the Tape while trading live is one of the best ways to learn. So listen and learn.
2:55 PM Record the Close.
4:01 PM Make notes in your Trading Journal. Everyday you should have one goal at the top of your Trading Journal to accomplish for each trading day.
4:15 PM Watch your Recording of the Close.
4:45 PM Print out your trades and review them.
5:05 PM Track Your Progress Sheets.
5:15 PM Read: http://traderfeed.blogspot.com/
5:25 PM You are personally responsible for your success. Did YOU do everything that you could today to improve? Develop a goal for tomorrow (see Trader Goals).
***** Over the weekend email your Mentor your list of things you need to do better for next week. You should focus on your One Good Trades and how to do more of them. And you should include the mistakes that you will eliminate. Clear goals should be created for you to accomplish for the following week. You should keep track of your success in realizing these goals. Next week’s email should include a summary of your success with such goals. Please see some of the suggested topics from our list. Develop your If/Then Statements for the Higher Low and Lower High Plays you will add next week and email them to your mentor.
