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7-Step Trading Process Guide

This 7-step trading process outlines how to select stocks to trade, review indicator signals on charts, determine market conditions and trade directions, use a causal sequence diagram to assess overall signals and confidence, make recommendations, add short-term trades to an action card, and take trades based on shorter-term charts. The process focuses on analyzing technical indicators to identify trading opportunities.

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ecuamantis
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7 views1 page

7-Step Trading Process Guide

This 7-step trading process outlines how to select stocks to trade, review indicator signals on charts, determine market conditions and trade directions, use a causal sequence diagram to assess overall signals and confidence, make recommendations, add short-term trades to an action card, and take trades based on shorter-term charts. The process focuses on analyzing technical indicators to identify trading opportunities.

Uploaded by

ecuamantis
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

7-Step Trading Process

1. Select tickers you want to track. 2. Review the ticker indicators in your Trading Journal for the weekly and daily charts. 3. Determine the direction and hold period table for each time period. Indicate market type: choppy / fast, smooth, bull, bear, battleground 4. Use the Indicator Causal Sequence Diagram to determine the overall direction and confidence level based on the indicators. 5. Based on the Causal Sequence Diagram indicate the recommendation for the ticker. 6. Add any tickers with an immediate opportunity (within the next 5 trading days) to your Immediate Action Trade Card. 7. Watch the tickers on the Trade Card using the hourly and 15 minute charts for optimal entry, and take action! NOTE: Capture screenshots of the indicators to use as teaching tools.

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