
Trader Mindset How I plan my trading week
Jun 26, 2024
Explore the importance of preparation in trading with insights on cultivating an optimistic mindset. Hear about the pitfalls of relying on price indicators, and the benefits of filtering information overload. Discover a unique approach to trade planning that involves careful word choice and focusing on a few trending instruments. Learn how disciplined behavior, verified orders, and predefined actions can lead to better trading outcomes, all while embracing a warrior's mentality in the market.
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Preparation Fueled Account Growth
- Michael Martin credits preparation for growing his account from five to 50 and then to a quarter million.
- He studied classic books and treated trading like playing people as well as cards to manage risk.
Prepare Sunday Night With Concrete Orders
- Prepare your trading week Sunday night by identifying price structures and writing orders, position sizes, and protective stops in advance.
- Use calculators and spreadsheets to verify math so you follow the plan regardless of emotions.
Filter Noise; Trust Your Own Thesis
- Modern traders face information overload so filter out noise and avoid consuming everything published.
- Develop your own thesis instead of adopting others' views to avoid confusion and lost edge.











