Before I make a trade, I run through a few steps. 

Now, I’m not saying I follow these rules 100% of the time, but I try to stick to a routine.

The first two of these steps are;

1. Look Out For Your Trade Setup

This is my reason for trading.

And you should always nail this part. This is all based on your trading plan — which will define what setups need to be present for your strategy.

You should make sure that conditions are favorable before you proceed.

2. Wait For The Trigger

The next thing on the list is identifying a trigger.

It’s the signal that lets me know the right time to take action and enter a position…as well as where your entry point is in advance. What your exact trade trigger is will depend on the trading strategy you are using.

Let’s look at a teachable moment with a recent trade I made:

PIK

Kidpik Corp. designs, manufactures, and retails children’s apparel and footwear. They provide clothing subscription boxes for kids that include outfits that are personalized based on each member’s style preferences. 

On Thursday (March 17), I identified one of my favorite patterns — Fibonacci Retracement.

You see, when a stock is trending very strongly in one direction, traders using the Fibonacci indicator believe that the pullback will be equal to one of the percentages within the Fibonacci retracement levels — either 23.6%, 38.2%, or 61.8%.

As you know, a good time to enter a trade is when the stock is going through a pullback. 

So if you see a stock drop by 38 cents (a Fibonacci ratio) from say $31 to $30.62, that may be a good opportunity to buy, as the stock will likely bounce back up.

Well, I entered the trade with hundreds of people watching me LIVE. 

I shared a ton of valuable lessons that you could start applying asap. I STRONGLY recommend you catch a replay, so keep an eye out, I’ll send an email with a link to watch it.

Here’s the result of that trade:

I’ll spare you the details of my profit, but here’s a screenshot of how it turned out.

The Right Moment To Enter And Exit

I like to wait for the perfect moment to pull the trigger on a good setup.

And if I find one — if I find something that works, I tend to rinse and repeat. 

Here’s my PIK trade the next day (Friday, March 18):

I entered a position again on the next trading day (Today, March 21):

You can check my trading journal to see how that plays out. 

The point I’m trying to make here is to find something that works, then rinse and repeat.

But one of the problems that plague most traders is knowing when to enter and exit, knowing the right moment to take action.

That’s why every day I’m not just teaching members in Jason Bond Picks, I’m alerting them too.

I’m sharing my game plan before I take action, so members of my circle can take action too – that’s how dedicated I am.

Just like the PIK trade that turned out well for me, I let people know what I was going to do:

On Thursday I did the same too:

For traders without a ton of experience, having a mentor — someone more experienced, can (sometimes) make all the difference.

That’s not to say they’ll trade for you…

Your mentor should help you broaden your knowledge so you have the confidence to make your own decisions, spot opportunities (like PIK), and adapt to sudden market changes.