Advice Needed

Discussion in 'Professional Trading' started by Dma, Mar 14, 2010.

  1. Dma


    Hi Guys,

    I am a new day trader. I am just wondering if someone can tell me what a trader should do to prepare for the next day's trading. Thx a lot
  2. Handle123


    There is a huge variance in preparation for all traders. Many have a long list of what they look for as far as overseas markets, pre-market, how the bond market opened, what other markets are doing-forex-energies. Also if good earnings have been coming out and other reports.

    Timeframe also makes a difference as well, if one is trading 60 minute charts, one might need more info, but if trading one minute charts, maybe no preparation is needed.

    I, myself, get up twenty minutes before, take my meds and vitamins, warm up heating pad, get the coffee going, check reports coming out, open up my solitaire game and wait for the open of ES. I am in most trades ten minutes or less, I believe price will have factored in all the info.
    beginner66 likes this.