Technical analysis · Unit 5 · Your trading plan · Chapter 24

A daily routine: Put it all together, every day

A short, repeatable routine for every chart: check the trend, mark key levels, wait for a trigger, confirm with volume, then plan your stop and target.

The same six questions, every time

you are here
The teaching chart from this chapter. The interactive chapter hides what happens next and asks you to call it.

Good traders aren’t guessing more cleverly. They ask the same short list of questions before every trade, and skip the trade if the answers don’t line up. Here is a checklist built from everything in this course:

  1. Trend: higher highs and higher lows? Is price above the 50 EMA?
  2. Key levels: where are support and resistance?
  3. Trigger: a candlestick pattern or an indicator signal, right now.
  4. Volume: is volume backing the move?
  5. Plan: stop-loss, target, reward:risk of at least 2, and position size.
  6. Journal: write it down before you act.

What to look for

  • If the trend, the level and the trigger don’t agree, the answer is “no trade”. That is a fine answer.
  • Do the checklist before the market opens at 9:15, when you’re calm, not in the middle of a fast move.
  • Use the Journal in MarketSeekho to note your reason, stop and target for every call.

A journal turns losses into lessons. After 20 entries you’ll see which setups work for you and which don’t.

Check yourself

On this chart the trend is up, price is above both EMAs, and today it closed above a ceiling it failed at three times, on nearly three times normal volume. What is still missing before you could act?

  1. Nothing. Every signal agrees, so buy as much as you can
  2. A stop-loss, a target and a position size
  3. A news story confirming the move
Show the answer

A stop-loss, a target and a position size. The chart ticks the first four boxes. But a setup is not a plan. You still need to know where you’d get out if wrong, where you’d take profit, and how many shares keep the loss small.

Key takeaway

When everything lines up

Trend up, price above both EMAs, a breakout above about ₹1,200 and heavy volume: all four boxes ticked. A stop just under the last higher low (₹1,168) and a 2:1 target near ₹1,342 completed the plan. Price kept rising.

The checklist is most useful on days it says no. Skipping a weak setup saves money you never see.

Practise A daily routine, free

Reading about it is step one. In MarketSeekho you see a real NSE chart with the future hidden, call Bull or Bhalu, say why, and get graded on your reasoning, not luck.

Common questions

What is A daily routine?

Good traders aren’t guessing more cleverly. They ask the same short list of questions before every trade, and skip the trade if the answers don’t line up. Here is a checklist built from everything in this course:Trend: higher highs and higher lows? Is price above the 50 EMA?Key levels: where are support and resistance?Trigger: a candlestick pattern or an indicator signal, right now.Volume: is volume backing the move?Plan: stop-loss, target, reward:risk of at least 2, and position size.Journal: write it down before you act.

What should I look for with A daily routine?

If the trend, the level and the trigger don’t agree, the answer is “no trade”. That is a fine answer. Do the checklist before the market opens at 9:15, when you’re calm, not in the middle of a fast move. Use the Journal in MarketSeekho to note your reason, stop and target for every call.

How can I practise reading A daily routine for free?

MarketSeekho has a free four-page chapter on A daily routine (learn, answer a question, spot it on a chart, then make a call) and daily real-chart practice graded on your reasoning. No sign-up or money needed.