Happy March, tradersâŠ
Ben here.
Ever feel like the market moves way faster than you do on Monday mornings?
By the time most traders finish their coffee, the weekâs biggest opportunities â or risks â are already in motion.
Spoiler Alert: These traders miss huge profit-making potential before the caffeine kicks in.
If you want to beat these lazy traders, you need to start every week with a clear head, a solid plan, and the confidence to act fast with less stress.
Thereâs no need for fancy strategies or predicting the future. Itâs simpler than that. All you need is the right Monday morning routine.
Think of it like a pilotâs pre-flight checklist: a few quick steps to make sure youâre prepared for turbulence, smooth sailing, or anything in between.
By doing so, youâll be able to spot risks and seize opportunities with unshakable focus before the market even opens.
Let me show you how to turn chaotic Monday mornings into your secret weaponâŠ
Step 1: Check the Weekâs Schedule (Before You Even Log In)
Your first job Monday is to check for:
- Big Events: Earnings reports, Federal Reserve announcements, or economic data (like jobs numbers or inflation updates). These can cause huge swings in prices.
- Key Dates: Options expiration dates (if youâre trading weekly contracts) or holidays that might thin out trading activity.
- Company News: Did a stock youâre trading drop a surprise update over the weekend? (Hint: Check headlines.)
- Market Internals: Check SKEW, VIX, and major index levels.
Open an economic calendar and skim the next 5 days. Highlight anything that could impact the stocks or indexes youâre trading.
Step 2: Review Your Open Trades
You wouldnât drive a car without checking the gas gauge, right?
Same idea hereâŠ
Look at every open position and ask:
- Is this trade still a good idea? Did the stockâs story change? Did volatility spike or drop?
- Are my stops/limits still in place? Double-check that your risk controls (like stop-loss orders) havenât expired or been triggered.
- Whatâs my max risk this week? Add up how much you could lose if every trade went south. If that number scares you, adjust your positions.
Pro tip: Write down your answers. Clarity now = fewer panic moves later.
Step 3: Set Your Game Plan (and Stick to It)
Options traders get in trouble when they trade reactively (âOh no, the marketâs crashing â quick, do something!â).
Instead, decide in advance:
- Whatâs your goal this week? Example: âIâll close 2 profitable trades by Thursdayâ or âIâll only open new positions if XYZ stock breaks $150.â
- When will you walk away? Set a daily loss limit (e.g., âIf I lose $500, Iâm done for the dayâ).
- Whatâs on your watchlist? Identify 2-3 stocks or ETFs youâre ready to trade if setups align.
Step 4: Get Mentally Prepared
If youâve been my student for a while, you know how seriously I take trading psychology. Your mindset is more important than anything.
On Monday morning:
- Check your stress level. If youâre Hungry, Angry, Lonely, or Tired, stop trading. Thereâs an acronym for this: H.A.L.T.
- Visualize the week. Picture yourself sticking to your plan, even if the market gets wild. Manifest discipline.
- Block time to focus. Shut off notifications, close unnecessary tabs, and treat trading like a job.
The best traders arenât the ones making 100 moves a week â theyâre the ones who stay calm, stick to their rules, and let opportunities come to them.
Your Monday routine shouldnât take more than 20-30 minutes. The goal isnât to predict every twist and turn⊠itâs to be ready for them.
This morning, before you place a single trade, run through this checklist. Youâll be shocked at how much smoother your week feels.
Stay sharp out there,
Ben Sturgill
P.S. Weâve had 100 winning trades in a row in Earnings Edge â donât miss the next 100âŠ
Join millionaire trader Bryce Tuohey for a LIVE EARNINGS WORKSHOP â TODAY, March 3 at 4:00 p.m. EST â Click here to reserve your seat!
*Past performance does not indicate future results
