As a trader, your morning routine is a crucial aspect of how you approach the market. If your morning is filled with chaos, anxiety, and trivial things, you will likely fall victim to emotional trading. You should approach trading with due preparation and diligence.
Planned and meaningful activities should define the first few hours of your day. This sets the pace for how your trading will be. Lance Ippolito is a professional trader, marketing, and financial expert committed to helping other traders develop themselves and their trading strategies.
He has revealed his high-powered morning routine as a financial expert below.
What Does A High-Powered Morning Routine Entail?
Your morning routine is a group of beneficial activities that prepare you for the trading day. You must carry out these activities daily for them to be routine. This does not mean that improvements or adjustments cannot be made, as long as it helps to improve your state of mind and approach to trading each day.
Is A Morning Routine Essential For Every Trader?
Yes! A consistent morning routine is a must-have for every successful trader. This is because starting your morning positively influences your trade activities for the rest of the day.
Lance Ippolito, What Are Some Morning Routine Activities Traders Can Adopt?
Within the first few hours of your day, you can engage in activities such as; meditation, exercise, journaling, reviewing your daily action plan, motivating yourself, making affirmations, etc.
These actions completely transform the rest of my day. I have become more focused, productive, mindful, and optimistic. Engaging in the above activities or related actions can do the same to your day.
What Are Three Major Morning Routine Activities That Transform Your Day As A Trader?
The first thing I do that always positively influences my day is wake up early. Waking up early gives you a good head-start on the trading day. It gives you enough time to clear your head and get in the right state of mind.
Afterward, I have a good breakfast. A good breakfast should always be considered. A good breakfast influences a positive attitude for the day. Medical practitioners have attested that your breakfast is the most important meal of the day, and I can testify to that. Having a good meal at the start of every day improves your mood and optimism.
Third, I recount my trading activities and experiences from the day before. This allows me to analyze my mistakes, what I could have done differently, and how to improve.
Over time, it enables you to develop a trading strategy with which you can be confident and consistent. I share all these on my official twitter account, so be sure to give me a follow.
How Do You Know If Your Trading Routine Is Effective?
Your trade routine is effective if it involves reviewing trade from the previous day, identifying news that could cause volatility, understanding unusual options activity, and preparing you for when the trading session opens. Overall, your trade routine should aid you in accomplishing whatever financial goals you have set for yourself.