The truth is trading is incredibly boring..
- Thread starter HolyGrailSeeker
- Start date
Been at this full time since 2003, and part time going back to the beginning of the dotcom stupid fest, yes it does get boring, making money or not. I am down to roughly 4 hours a day on average sitting in front of the computers for my income trading, and even that wears me out staring at the screens.
what's your overall strategy like. in and out scalps for 4 hrs. or one of those 1-2 a day trades?
A little of both, but more look for a trade or 2 that I can ride for a bit with size(for me) and then have the option of walking away. The first 30 minutes I look to grab the first directional move and then the counter move. When I catch those I will stick around for a bit and scalp with smaller size, and I will keep my stops tighter to avoid give back. If I miss in the first 30 minutes I will trade with fairy tight stops, especially for these markets and look to work myself into a comfortable profit for the day. I usually take the mid day off and may sit here the last hour to catch a move. I also trade around the bigger econ numbers looking to catch the move into the number and then wait for the move a couple minutes after.
I have been getting back to selling calls against my long term portfolio, and that keeps me here for awhile most days.
I have been getting back to selling calls against my long term portfolio, and that keeps me here for awhile most days.
You can get there faster, if you are able to time the daily S&P chart with options.
This, in my opinion, is the Holy Grail skill of trading. Being able to trade the daily S&P. The compound and growth factor would be insane.