Steps to Prepare

1) Think about and decide how much you are willing to risk each trade. Your trading strategy will depend greatly on the account size and how much of that account should be risked on a per trade basis.

2) This is an example of how to determine the above risk amount. eg: if you have a $10,000 account and you decide max risk will be 2% then your risk amount will be $200.00 per trade. Using 2% is a pretty standard amount. The account size will also determine what products you will be able or even should trade even if able. (stocks, futures, options, micros, crypto)

3) Knowing that your max risk is $200.00 set you up to build product and trade location based on that $ amount. Meaning to hide you stops out side of the support or resistance of the market will give you the maximum you can pay for a stock or contract to be able to place stop in a good location and take advantage of opportunity.

4) When trading I look for specific events or actions surrounding a price location on my chart before taking a trade. This involves having a trading plan before every entering a position. The trading strategy will include why I want this trade, where will i take this trade, and where will I get out of this trade, both profit exit and loss exit.

Trading strategy

Product Selection

Trading the correct product for your account size is important. A trader needs to keep the risk exposure matched to the account size. Trading
a product that is leveraged can be bigger risk than a small account can handle. below are some of the choices and the risk they can have.
stocks= $1 move in stock is $1 gain or loss per share you own.
futures = following are couple examples(S&P $100 gain or loss per $1 move) ( CL $1000 gain or loss per $1 move)
futures minis = for S&P = $50 gain or loss per $! move)
futures micro = for S&P = 5$ gain or loss per $1 move)
above is not all products but an example to show how selection can make a difference to your trading success.
Also some countries have some products that have limits to how many trades in a 24 hours if account is small.

Needing help in picking what is best for you?

Position Sizing

For a proper trading strategy the position sizing can be the deciding factor to your longevity in the trading business. If your position too large then
the movement is greater than your account can handle if the market is going the wrong way. This action will cause you to get out of a position
to early or before the trade is not longer valid. When a trader gets out when he should not takes away possible good outcomes and cause losses
that should not have happened if the size of position was smaller.

Stop Calculations
Along with position size stop location and amount can also take you from succeeding in this business so spend a little time on these two topics
and find the best plan for your risk tolerance and your account size. Not only respect the amount you are willing to lose on a trade based on
account size but take a look at the average range of movement for your expected trade duration so your stops are not put inside the typical
action range. A frustration thing is placing a trade that does what you wanted it to do but you are no longer in the trade due to your stop.
Additionally in this regard even worse that not being is a good trade is being in a bad trade and not getting yourself out or having much to
big of a stop.

psychology of trading is very important and your trading strategy can either help or hut your psychology. This is where trading with a defined
plan for entry, exit in loss and exit in profit will give you an advantage over the trader acting on bias, feelings and assumed knowledge. The
reason this occurs is with a plan you take trade because of a well defined plan and if the trade takes a loss and you followed all the rules,
you did not lose because you followed the plan. On the other hand if you have an opinion or think you know and the trade does not work then
the losing trade falls right on you as the cause of the loss. So to keep yourself mentally safe follow a plan and prevent you beating
yourself up for making a bad trade. I say a trade that follows all rules is a good trade even if it provided no profit.

Entry Rules
Define your reason for trades, what action is the thing that triggers the trade event, when they occur just do it with no reservation.
defining the possible target for the trade. Targets can be exceeded but having a idea of where the trade could go is important. the reason for
this importance is you can decide based on stop $ amount and target $ amount is the trade providing me with enough profit to justify risking
the capital. If ever the risk is to great then your rules should claim this trade to be a non starter.
1) entry location to get proper risk vs reward.
2) defining possible target so you can protect or gains or just get out.
3) defining the location of the stop to protect your assets in the event the market does not cooperate with your plan.

More details of a proper plan so do you need help in this planning?

Trading Day

In the morning information some trading ideas for the day will be shared. Normally there will be a long trade and a short trading strategy presented. Additionally there will be some concepts of what could happen each day. After market open we will evaluate what the market is indicating to us and what picture it is painting. After the direction is established, and also what type of day we are having each trader can find there way into the market to take advantage of one of the two or three ideas.

When the market opens the mathematical market evaluation will begin and the indicator will be come active on my screen (this you will see via the screen share).  As time passes the indicator will present either a  up pointing signal and then a up pointing trigger. The same will occur for short trades also when they occur.

Deeper Examination of the Trading Ideas

There are three types of market opens, and each one can have a couple final results, 1) open driving market, 2) opening attempted driving market (test drive), 3) choppy range bound market. Each type of open has a different trading entry point that will be clear on how to use. Each day each trade setup will have a entry area and a target area. And some days more than one setup can be active and a couple trades can be taken. Trades can happen in two ways one way is when the market matches up with the pre-market concepts the trader can find their way into the market. The other is to follow in the screenshare and find out when the Algoritium is taking the position. Both methods have advantages and disadvantages, however neither is right or wrong.

Every trader will have a different acceptable loss that they or their account can handle. This is ok, and each trade should be executed with a very small amount of risk to the downside.

My Rules about News

I, myself, do not like to take new trades right at economic scheduled news events and will wait for the event to pass by a few minutes and trade the settled down reaction. News can cause markets to get too fast for most platforms to keep up with all the information, and can cause very large random swings in the price, or a big slippage in price from where your you think the trade triggered .