The Perfect Trading Day: Your Daily Blueprint to Market Success
A systematic approach to maximize your trading game.
Hey MFG!
The markets still remain strong. The S&P 500 (SPY) is leading the way and currently trading at an extreme-high RSI reading again. The Nasdaq (QQQ) is building out a stage 3 consolidation zone and trading at a near extreme-high RSI reading here.
Remember, the markets don’t have to come down to correct, they can move sideways while they work off the extreme-high RSI.
The Dow Jones (DIA), Bonds (TLT), and OIL (USO) are all in stage 2 uptrends above their 200-day SMA.
Gold (GLD) is back in its stage 1 accumulation zone after it attempted a break out last week, which is very bearish. I’m watching GLD closely to see if it rolls over.
Bitcoin (BTC) is a in a stage 4 decline. When I look at the higher timeframe, momentum is still to the downside. I’m not sure if the bottom is in for BTC.
This week, I opened a swing trade in FCX and a B&B trade in MCD. I also started a position in BXMT and added to SOFI.
Grab a free copy of Gerald’s ebook You Don’t Have To Die Broke! CLICK HERE!
Always remain bullish and follow The Money Flow.
The Peters Report - Stock & Crypto Trader’s Resource
-GP a.k.a Fullauto11
Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.
GP’s Wisdom 🧙
MFG, being a successful and consistent trader is no easy task. Trading in the stock market requires not just courage, skills, and knowledge, but also a consistent and disciplined strategy.
Performing the same systematic approach to the stock market day after day, week after week, month after month leads to consistency, mastery, and wealth building.
Every morning you should approach the stock market the same organized way.
Check on the Wind, the 11 sectors of the SPY, the 10 Dogs of the Dow stocks, and your portfolios to look for potential setups and profit taking opportunities.
By developing and adhering to a systematic daily routine, you can optimize your performance, manage risks effectively, and increase your chances of success.
This article outlines a step-by-step guide to help traders start their day strong and navigate the stock market with confidence.
THIS WEEK’S HOMEWORK VIDEO!! THE MONEY FLOW SUNDAY SERVICE!! CLICK HERE!!
The Perfect Trading Day: Your Daily Blueprint to Market Success
Having a solid daily routine before the market opens is crucial for traders to ensure they are aware, well-prepared, and focused. It allows for thorough market research and technical analysis, helping to identify potential opportunities and risks.
This preparation forms the basis for a clear trading plan, reducing impulsive decisions driven by market volatility. Mental readiness, achieved through practices like meditation and non-sleep deep rest (NSDR) enhance decision-making and emotional control.
Additionally, verifying the functionality of trading tools and platforms prevents technical disruptions, enabling seamless trade execution and real-time market monitoring.
Overall, a disciplined premarket process sets the stage for a productive and profitable trading day.
Steps To Prepare During Premarket Hours
Market News Review
Begin your day by scanning the latest financial news and updates from reliable sources. Pay attention to key macroeconomic indicators, corporate news, earnings reports, and geopolitical events that could impact the market.
Economic Calendar Review
Also, check the economic calendar for important events such as employment figures, economic data releases like GDP, and Federal Reserve announcements.
Knowing what’s on the agenda helps you anticipate market movements and prepare accordingly.
Global Market Review
Analyze overnight trading activity in major international markets such as Asia and Europe.
Understanding global market movements can provide insights into potential trends and sentiment shifts that may influence the U.S. market.
Technical Analysis Preparation
Chart analysis
Conduct a thorough technical analysis of key stocks, indices, and sectors.
Identify support and resistance levels, trend lines, and technical indicators such as moving averages, MACD histogram, and the Relative Strength Index (RSI). This analysis helps in pinpointing potential entry and exit points.
Also, review your stocks on different timeframes.
The Money Flow Trading System uses the daily chart for stop zones, entries and exits. The weekly chart can also be used as confirmation for trend direction and the 1 hour chart can be used for precise entry into swing trades.
Pre-Market Movers
Focus on stocks that are showing significant pre-market activity or have upcoming catalysts, such as earnings reports or major news announcements.
These stocks often continue to exhibit volatility and provide trading opportunities once the market opens.
Watchlist
Maintain and update a daily watchlist of stocks you intend to trade. Include stocks with upcoming earnings reports, significant news, or notable technical setups. This ensures you’re focused and ready to act when the market opens.
Trading plan
Develop a detailed trading plan outlining your entry and exit strategies, position sizes, and risk management rules. A well-structured plan helps reduce emotional trading and impulsive decisions. Follow The Money Flow Rules.
Set Goals & Document Daily
Define your trading goals for the day. Whether it’s achieving a specific profit target or managing risk, having clear objectives will guide your trading decisions.
Risk Management
Successful trading is not just about making profitable trades, but also about managing losses.
A consistent approach enforces strict risk management rules, preventing significant capital erosion from a single bad trade. By adhering to predefined risk limits and stop-loss orders, traders can protect their capital and ensure longevity in the market.
Continuous Improvement & Learning and Development
Dedicate time to continuous learning and improvement. Read trading books, attend webinars, and participate in trading forums to stay updated on new strategies and market insights.
Engage with a community of traders to share experiences, strategies, and insights. Networking can provide support, motivation, and valuable learning opportunities.
Learning and reading is a lifelong process that requires a daily commitment. Staying up to date on the latest trends and new technologies can help boost your success in the stock market.
Premarket Keys to Success The Money Flow Way
Charts- Stock Charts
Research- The Peters Report, Morningstar, Barron’s, MFG Discord
Day to day News flow- Yahoo Finance, Barron’s, Fox Business, Bloomberg, and FinBiz. You must be aware and know what is going on in the financial news to be in flow with the markets. You must observe Fed rates and interest rates to see the bigger picture. You don’t need to take any action. You just need to read and be aware.
The Wind- Always check the major indices and sectors before making any moves in the stock market.
No one knows where the stock market is going; not a human on Earth knows. Understand the value of your charts and be able to recognize social sentiment. We don’t chase stocks in the Money Flow.
Essential Principles of The Money Flow Trading System
Ride winners (Let profits run)
Cut losers
Manage risk (share size)
Use stops and targets
Straight path- stick to the Money Flow rules of the system and ignore other strategies.
GP’s Wrap-Up
By adopting a systematic daily approach to stock market trading, you can enhance your performance, manage risks effectively, and achieve consistent success.
Starting your trading day with a structured routine, staying disciplined during market hours, and continuously improving your skills and strategies will help you navigate the complexities of the stock market with confidence.
A structured approach to pre-market preparation sets the stage for a disciplined and profitable trading day.
Remember trading is a marathon, not a sprint. A disciplined approach cultivates the development of good trading habits that contribute to sustained success.
If you need help with identifying which stages your stocks are in, or using the Money Flow indicators, consider my course:
“The Money Flow Trading System Swing Trading Bootcamp Course!” CLICK HERE!
"Don’t wish it was easier, wish you were better.” - Jim Rohn
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
Purchase a hard copy of Gerald’s swing trading strategy book called The Money Flow Trading System. CLICK HERE!
We never know where the market is going to go. We do know the stock market climbs higher 70% of the time. Check your charts everyday and keep in flow.
If you need help with this, consider Gerald's course, "Getting Started with Stock Charts the Money Flow Way" and you will be ready to add shares to your portfolios on stage 1 when the markets are about to possibly rotate and trim profits when opportunities arise.
They say that you can’t buy bottoms or sell tops; The Money Flow Trading System can show you how to buy ALL the tops and the bottoms and stay in the flow.
That is what the Money Flow Trading System is all about. Being in flow with the stock market. Simple? YES! Easy? NO, but what in life that is worth having is? Stay the course, don't give up and don't get shaken out by wars, the Fed raising rates, rumors of recession, or any other event that may come.
Don't forget, 70% of the time the stock market climbs higher and the other 30% sets up for good buying opportunities.
Great information, added a new piece to my morning routine. Thanks GP!
Love it thank you 🙏🏻👍🏻🎯✔️