- What you need to do to master your craft.
- The weekend is the best time to rewire your brain.
After a heavy week of dealing with charts and price movement, most traders for the love of trading completely wish to continue trading over the weekend. But weekends are days to refresh but watch out not completely drawn into entertainment which may actually lead to poor performance on the next trading week. Weekends are days to rewire your trading activities over the whole week and analyze mistakes and where you could have done better to improve your craft. You may have taken a loss but its okay life is full of great things other than just stressing on the charts.
Here are few things every Novice Trader Should be doing on the weekends.
Always Set a Chart Time
Regardless of the week being profitable or not, Setting up a chart time as next week’s preparation is very crucial to your success as a trader. It lets you choose perfect opportunities for the next week and filtering High probability Trades (HPT). Remember the only time your brain is functioning at its peak performance is when there is no stress and enough time to comprehend valid setups. When the market is open, the decisions you made on the weekend are the best, any upcoming decision you make when trades are running is purely emotional and usually leads to Losses.
Keep Learning And Mastering Your Edge
Any profitable trader has an edge in the market. But the edge can vanish if not mastered practiced daily. This means as a trader you must always find ways to increase your accuracy in trading and eliminating all reckless mistakes. I am not saying that you can’t make mistakes but reckless mistakes are what we are trying to avoid and this can be done over the weekends when the mind is calm and ready to digest materials. You can spend your time back testing and correcting a few entry criteriaa rather than binge-watching a movie on Netflix or Hulu. 3 hrs to focus on your craft every weekend is enough to make you the best.
Learn How To Invest In Other Areas Like Real Estate
Since everyone’s goal is to make money in these financial markets i.e. Stocks, Futures, crypto ETC. Investing in real estate is something you need to learn. Value of properties keeps appreciating and as a young investor should be looking for perfect opportunities to get involved. Profits from the markets are always not guaranteed markets do change overtime but real estate is where you wanna spend your money obtained from the Markets. Tangible assets like (Homes, Apartments, Land etc.) increases your net worth and value keeps rising year after year. So don’t just focus on trading but learn how to make money while you are sleeping.