You don’t need to monitor your trades the whole day...
You might have heard the saying...
"You need to monitor your trades all the time to be a successful trader."
Nope.
Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.
So here’s a template you can use…
Example 1: You have a full-time job
–Weekends = Identify potential trading setups for the week
–Before work = Identify setups that are triggered and place your orders
–Lunch time = Check your portfolio and see if your trades are executed
–After work = Journal and review your trades
Now, what if you are a day trader?
Example 2: You are a day trader
–Before market hours = Identify potential trading setups for the day
–Market hours = Set alerts when the price comes to your level and trade it according to your plan
–After market hours = Journal and review your trades
Now…
Regardless of the type of trader you are, you must devote time to planning.
Because if you fail to plan, then you plan to fail.
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