Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Add THIS to your trading system! 🔥💰

14 Dec 2023 · 1 min

Watch on YouTube

0:57

A short YouTube video (Kardec Trader) advising traders to build a pre-market game plan before each session. The speaker recommends preparing 20–30 minutes before markets open: form hypotheses about possible market moves, review yesterday's price action, identify key levels, note economic events and upcoming catalysts, and get into the right mental state. The speaker warns against jumping straight into trades upon waking and emphasizes a well-defined plan and clear mindset.

Chapters

Have a pre market game plan before you take on any session. So every time before I start my trading day or session, I am looking at a game plan. I am building a game plan based on my hypothesis, based on what I believe are the possibilities that are happening in the market. I'm aware of all of the economic events that are happening. I'm aware of all of my key levels in the market. I'm aware of yesterday's movements, upcoming movements, upcoming events and so on that may possibly move the market. And then I also allow myself to get in the right state of mind. So I have to do this 20 to 30 minutes before the market opens or I start my session. So once again so I can get in the right state of mind, I have an idea of what I'm doing. What you should not be doing is you should not wake up. First thing you do, open your laptop and put on a trade. That's not the way to go, guys. You want to make sure you have a well defined plan. You want to make sure you're in the right state of mind and you are active to be able to put on trades and be able to think properly.