Risk Disclaimer: Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. “Risk capital” - is money that can be lost without jeopardizing one’s financial security or lifestyle.  Only “risk capital” should be used for trading and only those with sufficient risk capital should consider trading. iMarketsLive is not a licensed financial advisor nor does it give out financial advice. The user of IML products and/or services assumes full risk and responsibility for their trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.

• How to identify an Entry Point trading on Margin

• How to identify an Entry Point trading on an Exchange

Brainstorm

Markets 

• What is my daily/weekly/monthly goal

• How much does price move on a typical day

• Am I trading, investing or both?

Take 10 minutes & write down all concepts you think may be useful in your trading strategy.

Example:

Harmonic Patterns

* Quarter Level Theory 

Elliot Wave Theory

RSI

Bollinger Bands

*Moving Averages

Stochastics

MACD

ADX

Engulfing Candlesticks

*Order Flow (Supply)

Trending Markets

Economics Events (News)

Volume Bars

-Fibonacci

Chart Overlays (Line, Renko, Heikin-ashi, etc)

Channels

Trendlines

-Momentum

Fisher Transformer

Support & Resistance

*Moon Phases (Lunar)

Rate of Change

Point of Control

*Sentiment

Breakouts

Divergence

Averaging Down

Hedging

Arbitrage

Pivot Points

Ichimoku

Entry Confirmation

1. Define Specific Rules for Entry (Simple Checklist)

2. Use Limit Orders at areas of Confluence

3. Plan your Reward to Risk parameters in advance

100 Pips on (micro) 0.01 = $10

100 Pips on (standard) 1.00 = $1000

*Choose Quality rather than Trading a Large Quantity

In Summary - You can effectively prepare to take a position in the market prior to the movement happening with patience and practice to achieve precision and minimal drawdown.

Create clear rules that work for you and always understand why you are taking the trade.