| The stock market attracts a lot of people because | | | | develop your plan of attack for the day. The next |
| they think they may be the lucky ones to pick the | | | | routine you should consider incorporating into your |
| right stock or stocks and hit it rich quick. In some | | | | stock trading system is the intraday routine. |
| cases, that has happened and probably will happen | | | | The intraday routine is important because the market |
| again. If you purchase an individual stock and hold it | | | | is open; you are able to evaluate activity, the volume |
| long enough, chances are you will make money over | | | | of trading, pricing trends for the day, and to use that |
| time. The question is trying to determine which stock | | | | information to predict where the stock is headed for |
| to buy, the right time to purchase the stock, and the | | | | the rest of the day as you move toward the market |
| optimum time to sell the stock. | | | | closing. The decisions you make based on your |
| If the stock you purchased has increased in price by | | | | intraday analysis are critical, they can make or break |
| 10% will it continue to increase? Should you sell now | | | | your success for the day. |
| and take the profit? If you sell the stock now, what | | | | The final routine you should add to your personal |
| are the tax implications? In some cases, people | | | | trading system is the after-market routine. At this |
| establish a daily stock market routine that may help | | | | point in time the market has ceased trading for the |
| them achieve greater success in trading. Generally, | | | | day and you can review and evaluate the |
| there are three separate time periods each day that | | | | performance. How did your strategies work out? |
| need attention and analysis, the first is the | | | | From a financial standpoint, are you ahead compared |
| pre-market timeframe. | | | | to where you were this morning? Take this |
| For your pre-market routine, consider that the stock | | | | opportunity to record trades, tax information, and |
| market opens for trading each day (except | | | | other pertinent information you may need later. You |
| weekends and holidays) at 9:30 AM Eastern Standard | | | | can also take this opportunity to catch up on after |
| Time, pre-market trading normally occurs from 8:00 | | | | market quotes and message boards to stay ahead |
| AM - 9:30 AM. During this timeframe, you can place | | | | of the trend. |
| trades or orders, you can review new company | | | | Whether you are a day trader or in the market for |
| announcements, watch for earnings updates, check | | | | the longer haul, if you establish pre-market, intraday, |
| the futures market, review major analysis ratings of | | | | and after-market routines they will likely help you |
| specific stocks, monitor price changes, etc. This will | | | | meet your goals faster than just random, unfocused |
| help you locate potential buying opportunities and | | | | trading. |