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HIGH PERFORMANCE TRADER
The Secret 4 Step Day Trading Exercise
For Building the Ultimate Strategy
Step 1: The primary goal is to pinpoint what has "Already Worked for You," your new standard, your preferred approach. This is achieved by gathering 10 "Picture Perfect" trades that you have executed or aspire to execute daily. It's crucial to personalize this process and determine which setups truly align with your style. Which strategies are clear to you? The better you recognize and connect with these setups, the simpler it will be to implement them in the future.
Step 2: Having identified ten setups, it's now time to establish your criteria. This is achieved by pinpointing three common denominators shared by all your setups. These denominators must be concise to ensure they can be easily recognized in real time.
Step 3: Having identified three common denominators, it's time to arrange them and establish a straightforward, repeatable strategy for daily implementation. This will become your personalized, non-negotiable trading criteria. It's uniquely yours, not anyone else's. Take pride in it, as your success hinges on your consistent execution of your new approach.
Step 4 : Congratulations, you've found your edge. Now, the exciting part begins: repeat it. Every day before the market opens, study it. Review your past trades and assess how they would have fared if you had adhered to your new strategy. Trade using your personalized criteria for one month, then review the outcomes. Continue this process until you achieve consistent results.
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