Tackle Today: The 7 steps to trading
July 28, 2020
≈ Build your trades through this process ≈
Traders,
Episode 383 of the Trading Justice podcast was released yesterday, and the topic was the 7 Steps to Trading. Over the years, as coaches, we have developed our processes as to how we approach the markets on a given day. The 7 steps are that process. If you use this methodology, you will learn to work through the markets in an orderly and logical fashion.
Here are the 7 Steps:
- Start at the top of the markets
- Choose a trading strategy
- Find and analyze potential trades
- Plan the trade
- Place the trade
- Manage the trade
- Journal the trade
Have you been building your trades with this type of structure? If yes, great! If not, you should review the 7 steps and see what you have been skipping, or missing, in your daily routine.
Listen to the podcast episode, and get some insight from Matt, Tim, and Mark on how they approach each of the steps. And, if you have not done it yet, take the 7 Step Course, it is a free course for anyone who wants to learn how to trade properly.
Start the course here: https://tackletrading.com/course/seven-step-guide-to-trading/
The 7 steps essentially is a deductive type process where you start with the big picture, work your way down through each steps process, and end with a journaled and completed trade. It’s worth your time to learn it.
Chart of the Day
The 7 Steps to Trading
Start at the top of the markets and work your way through all 7 steps when you are building your trades.
Video of the Day
7 Step Guide to Trading
Coach Matt explains what the 7 steps to trading are in this video.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30 PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
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