Wednesday, July 15, 2009

Questions to Ask While You're Trading

When trading, you want to be in an active, inquisitive mode, watching how we're trading at the moment, but also the context of the moment's trade.

This slide from my Friday seminar presentation summarizes some of the active questions that I pose through the day to gauge whether we're in range, trending, or breakout market environments.

See my post on three basic trade setups for more background.

Half the job of good daytrading is making an early read of day structure.