A Guide to Preparing For The Week.
A Guide to Preparing For The Week.
Video.
If you missed the article of the week it’s here.
This question came up 3 times the last few article of the weeks and I emailed back replies but for the sake of not having to answer it again and to give insight there is a video I made.
In short it comes down to:
Preparation - analyzing the market and ideas the week ahead and sometimes months ahead to prepare for catalyst/triggers.
I had been waiting all year to get long XHB 0.00%↑ and it was June and September that those trades were put on. Yet, there’s this obsession with retail morning trading routines that are goofy, to say the least. I mean, some of the stuff I had to see on YouTube is just weird and in what world that translates to P&L is beyond me!
I get that when you’re new or learning that there’s a feel/need to do something all the time - it’s not like that. You can make it efficient and if you want to do this year after year then you need to get EFFICIENT.
I use that report you see us put out religiously.
This week TSLA 0.00%↑ was an idea that had a target of $250. I was long that from last week and covered it into that area today.
I didn’t wake up and scan stocks or wonder where I was out, that was all done over the weekend.
Preparation is what you can control - it takes 1-2 hours max on the weekend IF (and listen to me) you know what YOU ARE RESEARCHING and not just endlessly scrolling the inter webs for ideas.
LinkedIn: Daniel Bustamante - Bustamante & Co.
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