It’s been a while, I’ve been wanting to buy a new pair of shoes and I’m still empty handed (it doesn’t help that my fave store closed. I am getting desperate, but I reminded myself, I can’t be buying just any pair. So I have to keep looking. You should remember this when looking for a new trade. Don’t trade just because you want to. You got to look for it really hard and make sure it ticks all the boxes. (Like the perfect shoes!)
If you are a short-term trader (not a day trader), do you have a daily routine? How do you know there’s another opportunity and or it’s time to close a trade? I have a 4-part trading procedure and the first part covers 5 steps that I do daily before I am able to determine a trade (open / close). It takes 10minutes or so. You may not be daytrading, (I trade short-term) but daily, you should have steps to let you know what’s going on in the market, ready to trade when the opportunity is there.
Of course there is preparation and study, way before you can do this. But when you’re ready to trade, all it takes is 10 minutes for you to determine if you should trade or not. My trading procedure is discussed in detail in my book “High Heeled Traders” – here’s a handy list of the first 5 steps of the part I do daily:
| Step | Process Step Description | |
| 1 | Saying Prayer / Motivating Self | |
| 2 | Asking Self About Readiness to Trade | |
| 3 | Position Sizing – (how much money do you have and how much are you putting in your trade) | |
| 4 | Getting Aware of Market (a whole list of things to look at that could point to the opportunity) | |
| 5 | Checking Price and Opportunity |
If you want to get the book, order it HERE or email if you’d rather do a bank transfer. Free shipping worldwide! It’s also available in Amazon and online bookstores in US, UK, and Australia. And all Fully Booked branches in the Philippines.
High Heeled Traders
