Powerful Clarity Morning Habit For Traders
Powerful Clarity Morning Habit For Traders
In this Montreal Forex trading vlog, I share personal habit for traders. I have found a lot more clarity and peace of mind by taking a notebook and identifying my trade ideas for the day. That takes place in the first 30 mins of my working/trading day. Vlog #189.
Subscribe on Youtube for a daily video!
There are 3 things needed behind this powerful habit for traders:
- A Pen
- A Notebook
- and…a computer.
That's it. You probably know by now that I'm a big fan of simplicity, but also of paper notebooks.
I discussed that a while back while traveling in Guilin, China: A Paper Notebook Worth $1,000 In Trading Income?
Paper somehow provides a trader with more clarity in my opinion. There's less distraction and that can be very useful in trading.
By keeping a notebook in front of me at all times, I ensure that I remain focused on the things I should (i.e. have planned to) trade. That can make all the difference.
Whenever I go out, I try to bring my notebook with me in case I have to take a look at the chart. I'm not in the “finding trades” mode. Instead, I'm looking at how the potential trade ideas I identified unfold throughout the day.
Other traders using paper notebooks:
- 058: Peak Performance And Trading Success – Paul Wallace
- 100: The Success Of A Forex Price Action Day Trader – Kim Krompass
And you…do you also use a paper notebook while you trade? Comment below! I'm curious.
If you are aspiring to Forex but wonder how to put together a solid trading plan, I recommend you grab my FREE One-Page Trading Plan Template. It will help you simplify your trading strategy on a single page!
3 Comments
Every morning I read my trading plan. Then I work through each pair I am following and assess against my three trade setups. I then work through a checklist to see if I should be placing an order. I keep a notepad to observe what the price is doing and note anything going on with me and my decision making ability, like if I am tired or agitated or calm and relaxed. My broker sends an email if I am filled on an order.
Awesome, Gavin!
Checklist, notepad, self-evaluation…
That is a great framework!
Keep up the good work!
[…] found that using a paper journal to write my mistakes down made it easier to remember […]