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No start no finish from 8am EST monday morning to 8am EST saturday morning, obviously I sleep in there as well. Most of the time is spent watching mr market weave his magic, waiting to make any required adjustments to my positions, this can happen at any time, funnily enought this waiting can be the most stressful of all even when everything is going my way.lol. At the moment I am typing this with the market ticking over on the other screens, I keep several computers running managing different accounts, works as a good backup having several accounts, if one goes down I can at least hedge my positions on the other if I need to.
Cheers John
Can you help answer these questions from other members on NexusFi?
I currently only spend 2-3 hrs 'actively' trading. Around the open and around the close. I have cut the middle out because I found that was were I was the most 'stupid'. Errors, fatigue, losses mostly came during the middle or late in the day as I tried to manage or make something happen.
I start at 7 am est. and will go till my goal is met , or 10 to 11 am . If I go past this time I find myself not waiting for the trade coming to me but me trying to make a trade happen .
Resurrecting this thread because I wanted to know how many hours per day full-time discretionary traders spend on trade-related activities. This includes trading, research, organization, etc.
I know this thread has received a huge array of responses (from part-time/casual traders and auto/discretionary traders), but as someone who is planning on turning this specifically into a full-time endeavour I am curious to know how long other full-time discretionary traders spend on trade-related activity.
For me, 10-11 hours per day seems to be the limit before one reaches a point of being over-worked and prone to mistakes in either analysis or trading.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
I spent 11.75 hours today (7am to 645pm) at my desk trading and/or checking out at the end of day. Back again now (1015pm to double check statememt).
Most people based upon this thread would have called it a day at 815am and gone to play golf, having a good day under their belt. That would have been a huge mistake! (at least for me!)