We recommend adopting certain practices into your morning routine to kick-start your trading day and increase productivity. Following these practices can build your confidence, create strong physical and mental wellbeing, and increase alertness, all of which benefits your trading. Develop a morning routine that works for you and builds yourself up for a good day of trading, and a good day in general!
Starting your day with routine can significantly improve your trading by:
- Helping to manage stress and strengthen your mindset – Emotion is a big factor that can influence your trading. Strengthening your mindset will reduce stress and enable you to make better trading decisions.
- Increasing your focus and drive to meet your trading goals – Increasing your focus and attention span will allow you to place better trades and become a better trader.
- Promoting confidence and encouraging the right mindset- When you have more confidence, you will trust in your ability and strategy and consistently see profitable results.
We recommend these starting your day with these five practices:
2. Focus on Wellness
One way of aiding your mental wellbeing is through meditation and if that sounds too intimidating, ‘quiet time’. Take some time to sit and relax in silence and focus on your breathing. The aim is to declutter your mind and become mentally prepared for your trading day ahead. Try to avoid any distractions and avoid thinking about the markets. The benefits of ‘quiet time’ include increased calmness, a reduction in the ‘noise’ of the mind, improving confidence and becoming less affected by emotions.
3. Healthy Eating
4. Create A List Of Goals
5. Prepare for your trades
Prior to starting your trading day, eliminate as many distractions as possible, clear your desk from clutter and check your emails so you don’t have to worry about them later. Once you’ve removed all distractions, it’s time to focus on your trading. This is your time to catch up with overnight news including global and economic news that might affect the market or could affect volatility. Next, take a look at your trading charts and scan the market.
Coach Federico Bustos talks us through his morning routine, “The first point in my day that I look at my trading charts is around 8 am. I don’t trade the opening markets. If I did, I’d be looking at my charts by 7 am. First I scan all the markets to see which ones have the best trends. I’m looking for where my strategies are