How much time do you spend trading ?

[Darkside]

Quote from atticus:

I make 10x the ES range by 10am and I'm on the yacht by Noon.

lol atticus, I see you're here too.

 

[gurucandidate]

The CL, Euro, Bp, and the Yen futures are very liquid early in the morning, so I would definitely recommend a part time trader to master those futures.

Trading is hard enough, one should not be concerned with other peoples notion of ideal style or time spent at the screen.

GC

 

[ER9]

if you work in a casual setting and can get away with it get a laptop with a wireless connecton and trade the markets all day worked for me.

 

[andread]

Quote from PhiliC:


As for the trading -- my hours are spent doing the background work. trying to understand the fundamentals. Trying to understand why is a market going up, why is it going down. Are those reasons legit? Will they last? What will turn it? Getting inside of it.

And how long have you been doing this? Any performance improvement lately?
After a while I would expect people to slow down.

 

[Spectra]

Quote from brownsfan019:

Assuming you are just looking to trade a small amount of contracts, the ES is plenty liquid just about all hours, and esp into the pre-market hours. Just pull up a dom and see for yourself.

Ever traded the russel?

 

[TimothySykes]

Quote from PhiliC:

No booya your missing my point. This is my job.

Anyone who does this part time really has an uphill battle.

When I'm not trading -- I'm reading and studing what's going on in the world of finance. That may include going to web sites, reviewing the news in each market, reading analysts and advisors that I follow, newspapers, etc.... There is no end to this. Annual reports, conference calls - there is no end.

ps.. i used to be a lawyer (had my own practice) for 15 years but gave that sh...t up a while ago. I tried to make a run at trading back in the mid eighties when I was in my twenties -- but couldn't make it work. I was constantly losing $ back then -- it was very painful.

gotta go the bonds just broke and I have to get on this!!

EXACTLY, gotta love the amateurs trying to do this part-time. Sure, you might have some gains, but you're too green to realize that danger is everywhere.

This is an art and the more time you spend on it the better. Think of it like surgery, there are no part-time surgeons because if there were, there'd be patients dying everywhere. Your account is your patient, don't let it die.

 

[Spectra]

Quote from ER9:

if you work in a casual setting and can get away with it get a laptop with a wireless connecton and trade the markets all day worked for me.

Thats where I am now.. snazzy coffee shop.

 

[Agyar]

Quote from TimothySykes:

EXACTLY, gotta love the amateurs trying to do this part-time. Sure, you might have some gains, but you're too green to realize that danger is everywhere.

This is an art and the more time you spend on it the better. Think of it like surgery, there are no part-time surgeons because if there were, there'd be patients dying everywhere. Your account is your patient, don't let it die.

Gotta love the "pros" telling everyone else that the way they do things is wrong. You and Mr. Hershey are like two peas in a pod.

As I get older, I spend less and less time staring at the computer working on trades, and the growth of my accounts continues to accelerate. I am down to 1-5 hours per week, depending on how many position changes I need to do. My system is getting simpler as I get older too, as I remove the rubbish and focus in on what really works. The smart man learns something every day, the wise man forgets something every day.

Labels mean nothing to me at this point, so feel free to label me an amateur.

In answer to the original post, of course it is possible to be successful with a limited time investment per day, but when you start out there will be lots of research and lots of testing of what works and what doesn't. Once you get over the "hump" (if you get over the hump), the road you seek will hopefully open before you.

Staying on that road will be your next challenge, but that is a different post.

 

[johngo]

Yep, an amatuer I am all right. I love to trade in my amateur style, which is scoring an easy 2 points in the ER2 in the first 30 minutes of the day (on typically) 3 contracts. Win rate, 80%, stop 1.2 points. Then I am done.

Is this the monster bucks? No.

Does it give me time to laugh with my 2 kid, go kayaking and climbing, and work in my garden, while helping my family financially? Yes.

"Success" can come in many flavors, and not all of them are measured by the length of your yacht.

In prosperity,
Johngo

 

[Equalizer]

Quote from TimothySykes:

EXACTLY, gotta love the amateurs trying to do this part-time. Sure, you might have some gains, but you're too green to realize that danger is everywhere.

...

LMAO! The "Pro" has spoken.