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
How do you spend your day?
Moderator: moderators
-
- rank: <50 posts
- Posts: 9
- Joined: Fri Jul 06, 2007 4:09 pm
- Reputation: 0
- Location: Frederick, MD
- Real name: Dennis Szelestey
- Gender:
How do you spend your day?
If you spent your time waiting for the exact right time to do something, then you would never do anything.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
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
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
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.