#018 Your process to enter a new trade
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Description
Alex Novak takes listeners through a comprehensive and practical journey of trade preparation and execution. This episode breaks down the crucial steps involved in entering a trade, starting with a thorough market overview using different key indicators. Alex explains his daily routine for analyzing markets and stocks, emphasizing the importance of objective, fact-based decision-making. He also walks listeners through an efficient screening process, using tools like Finviz and TradingView to identify promising investment opportunities. The episode demonstrates the flexibility of preparing for the trading day outside of market hours by using different order types. Alex emphasizes the importance of maintaining existing positions and keeping a detailed trading journal to track progress and learn from past trades.
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