How to start a trading Day
Hello everyone
To be very Frank many of people believe in someone else instead of Checking is it a perfect trade or not for the day or time being
Let's come to the point how I do and even you should do this
First I check
Global Trend 📉📈
Currency ( forex ) USD
Second I check where index futures are trading
Then crude price + copper + gold + silver
Then I will check which sector is positive
Then I will check ( INDIA VIX )
Then I will check which stock is moving good with volumes, Open interest, any news behind that, then chart, then day high & low
Then my budget for that trade
Then I will see which stock or index we can trade
Option - which strike Price as per data
Future contract - how many points I am expecting and what would be my stop loss if I went wrong
Or cash stock - as per above
When to enter when to exit - EG either it me be gain on loss that should not go more than 2% of your capital (stop loss) if you are good gain after taking trade maintain trail SL from your entry point
If it is done put that figure in your Monthly trading (Excel)
You should make this just because you will know where you are going either it is plus of negative every thing should be in that
Make a box - green for gain
Make a box - Red for loss
Do this. Regularly for a Month you will see change in your trading Journey
Don't check any News channels just and app notification button if there is any important news they will notify you cut the noise stick to your Trading behavior
Feel the change in your earning journey
I have changed a lot you may change buy this
Wise investing
Hemant Pagi
Grow with learning
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