The New Trader's Plague!
A feasible template to overcome the plague
One of the most common traits of new traders is to consistently monitor their trades.
Eyes glued to charts, setting multiple alerts at the tiniest difference in price points, getting overly nervous, etc.
All these can be frustrating and can take a toll on your physical and mental health.
If you have a full-time or even part-time job, you’ll likely struggle with balance and productivity.
It’s not uncommon to find traders complaining of temporary memory loss and burnout.
All these happen because they haven’t created a routine.
Professional traders work with a routine. One that doesn’t require them to stare at screens all day.
A feasible routine template
Draw up a watch list and identify potential trade setups during weekends
Set your order alongside price alerts and trade your plan
Check portfolio to see if trades are executed
Check portfolio when TP/SL alerts trigger
Review and journal your trades
If you’re a day trader, you can identify potential trade setups early morning before market hours.
The routine above works in bull and bear seasons. Normally, it takes a bit of time for traders to get over anxiety and stick to their routines; however, it is clearly achievable with practice and discipline.
To your trading success!
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