“How Often Should You Trade?”

A couple of the commonly asked questions I receive, “How many pairs do you trade today? How many pairs do you recommend someone with 1 yr to focus on?”

My usual answer is, “I trade anything that moves.” However, I want to give more context.

I trade setups, not pairs. I trade the market as a whole. There’s this massive misunderstanding that everything moved independently. It’s all one big, interconnected game. With that being said, I’ve watched the markets every day since 2015… 90% of my trades fall under US30/NAS100. Daily setups for the most part and it sets up in small timeframe price action with excellent risk:reward…

In year 1, the goal isn’t to make money anyways.

Train your eye to see the setup that follows your plan. Once you’re actually trading then you can narrow down based on the session you trade.

1 session is more than enough. Let me show you what worked for me.

Month 1 - Month 3

You’re not looking to master an asset, you’re looking to understand and practice a strategy.

The intention is to train your eye to see the setup. Repetition is everything.

Experience, not results, is what matters. The key is to start to mark up your own charts over and over again.

Month 4 - Month 6

Now you’re looking to simulate a trading approach closer to what will fit your lifestyle. Choosing a session.

NY? London? Asian?

When you choose your session time based on your availability you’ll be able to narrow down what specifically you’ll be paying attention to.

What’s your daily schedule?

What type of tempo do I like to trade in? High velocity? Slower pace?

This could determine wether indices, forex or metals is for you.

How much patience do you have? Are you a quick decision maker or would you prefer to trade with as little urgency as possible.

Indices: Minimum 5 setups weekly,

Forex: Fundamentals will influence how frequent you’re trading. 3 setups on avg weekly.

Metals: Fundamentals will influence how frequent you’re trading. 2 setups on avg weekly.

The most important thing is YOU. Based on how well you understand yourself, you’ll be able to create your trading system. If you struggle to organize your thoughts and/or you feel like you miss your trades because your attention is everywhere, then focus on less so you can do more.

Month 6 - Month 12

Practicing what you’ve put together and document your inputs/outputs in your trading journal.

As you evaluate your trading system, you’ll learn more about yourself in real time market conditions and your system may slightly change more. That’s perfectly fine.

Your first year is mostly an experiment to find out who you are in relation to the markets.

Quality first then quantity. Scarcity mindset will try to convince you that you need to always be in the market.

Less can be more. It all comes down to the quality of your decisions based on your discipline.

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Catch you next week,

Mike Navarrete