how do you prepare yourself mentally for the days trading?
1. Get up around 5am in the morning
2. Do some exercise (running, squats, push-ups etc.)
3. Brush & take a warm shower
4. Say a prayer for divine help with sticking to my strategy
5.Wear a perfume and get dressed (if i dont feel fresh i cant make a clean trade)
6. Make some coffee and start the days trading activity
Wake up early, exercise, watch the news, read a newsletter on trading and investing, shower, get coffee and start trading !!!
1. Start with a Clear Mind
Sleep well – being tired makes impulsive decisions more likely.
Avoid distractions – turn off notifications, close unrelated tabs, and find a quiet space.
Meditate or breathe deeply for 5–10 minutes to calm your mind.
2. Review Your Trading Plan
Look at your strategy rules (entry, exit, risk per trade).
Decide which pairs or markets to focus on today.
Set daily goals, like:
Max trades for the day
Risk per trade
Target profit and acceptable loss
This prevents you from trading randomly or chasing the market.
3. Check the Market Context
Review economic news for the day (like NFP, CPI, central bank decisions).
Note high-volatility times for your chosen pairs.
Visualize potential scenarios: price going up, down, or sideways.
Being aware reduces panic when the market moves fast.
4. Set Your Risk Boundaries
Decide how much money you’re willing to risk today.
Use stop-losses on every trade and stick to them.
Remember: protecting capital is more important than making profit.
The first thing I do is to confirm that my laptop and internet router are fully charged and ready to go. After that I read a newsletter for traders from Spectra Markets https://www.spectramarkets.com/amfx
After that I open my trading platform and check where the market is currently then I compare the current market price to what the options expiry data for the day is saying. This helps give me an idea of market direction for the day.