'The Traders Who Skip Most of the Day'
- Thread starter Wallace
- Start date
what are you trading 3am-730?
this thread is so much BS makes sound like trading literally a walk in the park, eating pizza while suntanning. trading is far from it, trading =hard work
In the past, I can't tell you how many times I've hit my peak P/L by 9:45-10:00, only to spend the rest of the day whittling that number away by trying to "work" the rest of the day. I eventually made long lunches and midday workout sessions a rigorous habit. Given today's market conditions, it's even more critical than ever to stick with what works and refrain from what doesn't.
When I was a kid and we were learning multiplication tables, EVERY NIGHT were printing out hundreds of the same numbers 6x1=6, 6x2=12 , etc., that was very hard work for a month's time, over and over and over. Trading is just like that, an enormous amount of hours dedicated to learning Price Action, indicators, relations of indicators to Price Action, Volume to Price Action, what does last nine months look like, hourly, five minute relationships. But at some point, you start seeing these relationships and more importantly, start remembering them, the more you remember the nuances of your craft, the better you become, and the easier it becomes.
This month marks thirty years of trading for me, it is so much easier to profit than thirty, twenty, ten and five years ago, and I am still learning and profiting.
But anyone who thinks you going to pick this up in a few years is mistaken, you might be profitable, but really to be as comfortable trading trend and as comfortable trading chop takes much effort=thousands of hours.
killthesunshine is so right.
I couldn't agree more with your point. However, I think these guys may have put the hours in when they were younger and now want to relax a little. I'm working hard now, but when I have a family and am older I too may want the lifestyle they have.