Whoa, I better qualify that - the 5% is a good trading day; you also have to count on the fact that I don't trade EVERY day - how about vacations? Plus the inevitable down day from time to time. A better way to put it would be: I'm STRIVING, for a consistent 5% every trading day - that's the Platonic Ideal. The reality is that I'll try to approach it, but probably never actually ALWAYS be there.
Yes, I hear you about all the research. I'm a research freak myself. Plus, I do hold down a full time job. Except for one thing - I'm lucky in that I'm on the West Coast (so it's "only" 11:30 PM here). So, I can trade from 9:30 AM to 11:30 AM EST before work (6:30 - 8:30 PST), and I turn up at work at 9:00 AM PST. Then, during lunch hour here it's 12:00 - 1:00 PST PM, I can trade again (makes it the last hour of trading). Meanwhile, I can always half monitor what's happening from my office computer the rest of the time. I find the first two hours, and the last hour to be most productive from the trading point of view anyway, and that is when I can happily give it my undivided attention.
It does make it hard to do research though. I find myself going to bed around 1:00 AM, and getting up at 5:00 AM; it's hard holding a full time job, and trading. I've been doing this for about a year, and I'm EXHAUSTED.
Morgan |
