Carl’s Quick Tips – #8

8. HOMEWORK

The study of individual stocks and their relationship to the overall market is vitally important. All fundamental analysis and technical analysis should be carefully conducted before and after trading hours. At the end of the trading day, traders should take time to review their trading decisions and analyze their trading techniques. Pre-opening traders should arrive at their trade station 30 to 45 minutes before the bell armed with a list of potential stocks gathered from the previous night’s research.
Be well rested, attentive and focused. External influences can prove costly, so ensure your work area is conducive to keeping your attention on the tasks at hand.