53 Episode

 20-Point Stock Market Trading Plan for Monday

1️⃣ Check the Market Environment

• Review futures, global markets, commodities (oil, gold), and crypto for sentiment clues.

•  2️⃣ Scan for News

• Look for earnings reports, economic data releases, Fed announcements, or geopolitical events that could move markets.

• 3️⃣ Review Index Trends

• Check $SPY, $QQQ, $DIA trends and 10-day, 20-day, 50-day moving averages.

4️⃣ Identify Leading Sectors

• Note which sectors are showing strength — tech, energy, financials, etc.

5️⃣ Update Your Watchlist

• Refine a focused list of 5–10 stocks with high relative strength or news catalysts.

 6️⃣ Define Entry Points

• Mark precise buy zones for each stock — ideally near support or breakout levels.

 7️⃣ Set Stop Loss Levels

• Predefine stop losses to protect capital — max 1–2% risk per trade.

8️⃣ Define Profit Targets

• Set realistic price targets — use prior highs, fib extensions, or resistance levels.

9️⃣ Position Sizing

• Calculate exact position sizes based on your account size and risk per trade.

🔟 Pre-Market Action

• Watch pre-market price action — volume spikes or big gap-ups/downs can change your plan.

1️⃣1️⃣ Use Limit Orders

• Avoid emotional chasing — place limit orders at your planned price levels.

1️⃣2️⃣ Avoid Overtrading

• Stick to your watchlist. No random trades because of FOMO.

1️⃣3️⃣ Manage Open Positions

• Trail stops as price moves in your favor. Protect profits.

1️⃣4️⃣ Be Ready for Reversals

• Know key levels for reversals. If the plan fails, cut fast.

1️⃣5️⃣ Monitor News & Tweets

• Stay alert for news that could move your stocks during market hours.

1️⃣6️⃣ Respect Trading Hours

• Best moves often happen first 2 hours and last hour of market. Stay focused then.

1️⃣7️⃣ Log Your Trades

• Record every entry, exit, size, P/L and your thoughts — builds discipline.

1️⃣8️⃣ Review Mistakes

• Note what worked and what didn’t. Adjust tomorrow’s plan.

1️⃣9️⃣ Protect Your Mental Capital

• Don’t force trades. If conditions are choppy, sit out.

2️⃣0️⃣ Celebrate Discipline, Not Profits

Good trading means good process — profit follows discipline