Happy March, tradersβ¦
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 weekβs biggest opportunities β or risks β 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.
Thereβs no need for fancy strategies or predicting the future. Itβs simpler than that. All you need is the right Monday morning routine.
Think of it like a pilotβs pre-flight checklist: a few quick steps to make sure youβre prepared for turbulence, smooth sailing, or anything in between.
By doing so, youβll 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 weaponβ¦
Step 1: Check the Weekβs 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 youβre trading weekly contracts) or holidays that might thin out trading activity.
- Company News: Did a stock youβre 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 youβre trading.
Step 2: Review Your Open Trades
You wouldnβt drive a car without checking the gas gauge, right?
Same idea hereβ¦
Look at every open position and ask:
- Is this trade still a good idea? Did the stockβs story change? Did volatility spike or drop?
- Are my stops/limits still in place? Double-check that your risk controls (like stop-loss orders) havenβt expired or been triggered.
- Whatβs 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 (βOh no, the marketβs crashing β quick, do something!β).
Instead, decide in advance:
- Whatβs your goal this week? Example: βIβll close 2 profitable trades by Thursdayβ or βIβll only open new positions if XYZ stock breaks $150.β
- When will you walk away? Set a daily loss limit (e.g., βIf I lose $500, Iβm done for the dayβ).
- Whatβs on your watchlist? Identify 2-3 stocks or ETFs youβre ready to trade if setups align.
Step 4: Get Mentally Prepared
If youβve 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 youβre Hungry, Angry, Lonely, or Tired, stop trading. Thereβs 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 arenβt the ones making 100 moves a week β theyβre the ones who stay calm, stick to their rules, and let opportunities come to them.
Your Monday routine shouldnβt take more than 20-30 minutes. The goal isnβt to predict every twist and turnβ¦ itβs to be ready for them.
This morning, before you place a single trade, run through this checklist. Youβll be shocked at how much smoother your week feels.
Stay sharp out there,
Ben Sturgill
P.S. Weβve had 100 winning trades in a row in Earnings Edge β donβt miss the next 100β¦
Join millionaire trader Bryce Tuohey for a LIVE EARNINGS WORKSHOP β TODAY, March 3 at 4:00 p.m. EST β Click here to reserve your seat!
*Past performance does not indicate future results