Most traders turn on their computers and begin to look for something to trade. Even more concerning, many traders have so many ideas floating around that they become easily confused as to what they should do, notes Ron Wagner.

Learning to create a focus list is one important element needed to become a consistently profitable trader. Knowing what action to take on each symbol on your focus list will then be the next critical element.

Ron walks you through a trade everyone could have taken from his watch list on this 5-minute video.