PREPARATION: Understanding Market Context. Identifying trading time frames within that context. A Clear understanding of money management protocol and risk.

STRATEGY: After you have identified the time-frame you are going to trade, what are your reference points? Do you know where asymmetrical opportunities are in the broader context of the market for your timeframe? Do you have reference points for high volume areas for support or resistance? Do you have other reference points that are of interest? These points are critical because price does not typically trade there during a protracted time.

PERFORM: Do you understand the interaction of the various time-frame participants in the market so that you can perform successfully if you have to reevaluate current market action and change you view in real-time? Is your strategy clear so much so, that you act implicitly in its execution? Have you conquered the fear of losing so that you can conquer the fear of winning?

SCRUTINIZE: Was your understanding of the Market Context analysis correct? Did you follow your risk and money management protocol? Did your reference points prove accurate? Did you take advantage of any asymmetrical opportunities or breakouts? Did you have to change your view for the time-frame you were trading in? Was there a reason to change your view of the market context for any other timeframe that you weren’t trading?

These are all questions that have to be answered to fully prepare for the next day’s action. This is a prerequisite for the next days “PS" "PS”. This work is absolutely critical and is a foundational tenet on which this Academy is founded. Drill down on the menu on the left for the templet.

"TRAIN YOUR MIND TO BE YOUR MENTOR"

SSK 12/07