Most traders open the charts without a real plan #daytrading #fundedtrader — Transcript
Full transcript
- 0:00Now the beginning of the day is the most
- 0:03important part of my trading and doing
- 0:05what I'm about to tell you every morning
- 0:07before the session is a huge reason that
- 0:09I've been able to pull about $50,000 in
- 0:11payout so far in 2026 from prop firms.
- 0:14Now most traders don't actually lose
- 0:17because they can't predict the market.
- 0:19They lose because once the session
- 0:21actually opens, decision quality starts
- 0:23collapsing drastically. Price starts
- 0:25moving fast, emotions get involved and
- 0:28bias changes every 5 minutes and now
- 0:30they're just reacting candle to candle
- 0:31with no actual structure. And that's why
- 0:33it's crucial and it's important to go
- 0:36into every session with a trading plan.
- 0:38Not because the plan is necessarily
- 0:40going to guarantee that you're right,
- 0:42but the plan removes as much decision
- 0:44making as possible once the market
- 0:46actually opens. Before the session
- 0:48starts, I want to be able to know what
- 0:51my bias is, where I'm interested in
- 0:53actually trading and where my idea for
- 0:55the day becomes invalidated and what
- 0:57conditions would make me have to adjust.
- 0:59Because a bias without invalidation is
- 1:02just an opinion. Our goal here is not to
- 1:04go into the market trying to prove
- 1:06ourselves right. We have to go into this
- 1:08thinking exactly what could potentially
- 1:09prove us wrong. So for example, if price
- 1:12accepts beyond my level or if structure
- 1:15shifts, if the auction changes, then I
- 1:17have to adjust. There's no revenge
- 1:19trading, there's no emotional attachment
- 1:21to a plan and there's no forcing the
- 1:22original idea because my ego wants it to
- 1:25work. The point of the plan is not
- 1:27prediction. The point is structure
- 1:29because if you wait until the market is
- 1:31moving a million miles an hour to figure
- 1:32out what you think, you're already
- 1:34behind. And I talked to a lot of traders
- 1:37who for whatever reason go into New York
- 1:40open on the indices without a plan. They
- 1:42just open the charts and start trading.
- 1:44It is so important to map out your day
- 1:47beforehand and I do this every single
- 1:49morning before I trade.
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