Building A Pre-Trade Routine
A 1-minute lesson from the MarketPro academy, one of 20 in trading psychology.
A pre-trade routine is a short, repeatable set of steps completed before placing any trade. Its purpose is to move decision-making away from impulse and toward a consistent process, regardless of mood or market excitement.
A pre-trade routine is a short, repeatable set of steps completed before placing any trade. Its purpose is to move decision-making away from impulse and toward a consistent process, regardless of mood or market excitement.
What A Routine Might Include
- Checking the higher timeframe context before looking at entry signals
- Confirming that the setup matches a predefined, written strategy rather than a spontaneous idea
- Calculating position size based on account risk before looking at potential reward
- A brief check of scheduled news or events that could affect the instrument
- A short pause to ask whether the decision is coming from the plan or from emotion
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Not investment advice. Past performance is not indicative of future results.
Lesson 15 of 20 in Trading psychology
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Not investment advice. Past performance is not indicative of future results.