How do you spend your day?

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Zoul
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How do you spend your day?

Postby Zoul » Wed Aug 22, 2007 3:53 pm

Here's a question for the full time trades out there... How do you spend your day?

I can't imagine that you are glued to the monitor all day long, but then I know that you need to spend a rasonable amount of time with the process.

I'm trying to visualize how I would structure my day when that time comes so I can get a clearer picture in my head.

Thanks,

Dennis
If you spent your time waiting for the exact right time to do something, then you would never do anything.

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TheRumpledOne
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Postby TheRumpledOne » Wed Aug 22, 2007 8:09 pm

Glued to the monitor ( 5 monitors ).
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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dbw451
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Postby dbw451 » Fri Aug 24, 2007 9:25 pm

Zoul,

Trader daily routines are different depending on how a trader trades, what markets they trade, the skill level of the trader, and numerous other factors. A new trader's routine would be much different than that of a successful experienced trader. A new trader has much learning to do which should be incorporated into the daily routine.

In general, a daily routine would include:

Pre-market hours (or before you start trading)
- Determine market structure - support & resistance areas, trends, etc.
- Research report times that may affect your markets

Market hours (or your trading hours)
- Execute your trading plan

After market hours (or after you are finished trading)
- Review each trade - determine if anything could have been done better.

The key to your daily routine is your trading plan. The best guide to creating a trading plan that I've read is a chapter in the book "Financial Freedom through Electronic Day Trading" by Van K Tharp. Trading is a business and a trading plan helps you treat it as such.

Like TRO, for me when I trade, I trade. That means sitting in front of my monitors until I'm finished trading.

Regards,

David

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