Focus must be on the 1st 90 minutes of the markets, after this time any entries made may need to be held for hours if not until the close. This has been sighted in earlier post BUT this is the 1st thing that really stood out for me.
- Sticking to the 90 Grind is Key!!
Reevaluate whats important on the charts and my routine. ie, clear out any noisy indicators or time frames that can only serve to confuse. Too Much information can work against you and cause me to doubt information from my main indies. Clean up my routine by using short simple exercises and market analysis to get my mind ready for the day.
- Be Clear about what side of the screen im focusing on. ie, Distinguish Liquid Entries and Setups and General Rank Sequence Trades.
- Add Qi Gong and Tai Chi exercises and chakra work with pre rising corresponding Hekau. Use the timer to time your work. ie. 5 minute chakra dharana work, 5 minute Hekau, 10 minute sweat & stretch, closing with 5 minute Qi Gong or Tai Chi. Then 5 minute chart analysis for morning premise. Total of 30 Minutes of Mental and Physical Prep.
- Establish Morning Premise with Daily News, 4500 Exhaustion and Open Ice setups.
Trade frequency is has been the line in the sand for me. Whenever I take more than 3 trades in a day it usually ends in a loss, unless im using the Right (Liquid) side of the screen
- This can be accomplished by focusing and respecting the 90 Grind time. If I'm watching the charts for only 90 Minutes then I automatically limit the number of trades taken. When I look at my most successful and consistent streaks they usually consisted of 1-2 Ranked sequence trades taken within the 1st 90 Minutes after the open.