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Powerful Clarity Morning Habit For Traders

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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.

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There are 3 things needed behind this powerful habit for traders:

  1. A Pen
  2. A Notebook
  3. 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?

Habit for traders
Sometimes a simple laptop makes it easier not to stare at the chart…quick tip!

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:

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

  1. Gavin
    September 26, 2017 at 10:26 pm

    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.

    • September 27, 2017 at 9:34 am

      Awesome, Gavin!

      Checklist, notepad, self-evaluation…

      That is a great framework!

      Keep up the good work!

  2. […] found that using a paper journal to write my mistakes down made it easier to remember […]