Plan, Preparation, Execution
To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.
Execution is defined as carrying out a plan, order, or course of action.
The execution of trading setups is the responsibility that makes or breaks every individual discretionary trader.
The great trades are from yesterday — execution is today. How well you plan, prepare and execute your Best Trade Setups with excellence will take you to tomorrow.
Everything about my daily trading process was progressively built to be able to come to the screen and have a simple, concrete process to identify the best opportunity in that session. Then to be able to execute and manage a high-probability trading opportunity without hesitation.
My daily process is built on repetition. The repetition of certain market factors: yesterday's high and low, the times the different equity markets open and close, weekly and monthly highs and lows, the economic calendar.