NexusFi: Find Your Edge


Home Menu

 





How Many Hours a Day do You Trade?


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one SMCJB with 5 posts (14 thanks)
    2. looks_two tderrick with 4 posts (11 thanks)
    3. looks_3 GaryD with 4 posts (27 thanks)
    4. looks_4 Itchymoku with 4 posts (3 thanks)
      Best Posters
    1. looks_one PandaWarrior with 16 thanks per post
    2. looks_two GaryD with 6.8 thanks per post
    3. looks_3 DetroitMoney with 5.5 thanks per post
    4. looks_4 SMCJB with 2.8 thanks per post
    1. trending_up 21,635 views
    2. thumb_up 168 thanks given
    3. group 42 followers
    1. forum 70 posts
    2. attach_file 0 attachments




 
Search this Thread

How Many Hours a Day do You Trade?

  #61 (permalink)
Johno1
Geelong Victoria
 
Posts: 113 since Jan 2015
Thanks Given: 45
Thanks Received: 92


tderrick View Post
How many hours do you trade..... ??

I was used to long hours working in the studio, so it's more of the same for me.

..just wondering....


I actually dream of trade entries / ideas....

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

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
Battlestations: Show us your trading desks!
26 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
17 thanks
  #62 (permalink)
Johno1
Geelong Victoria
 
Posts: 113 since Jan 2015
Thanks Given: 45
Thanks Received: 92


SMCJB View Post
Assuming we are talking about trading as career rather than as a pastime or hobby I couldn't disagree more.
I don't think many people approach a 9-5 job with that attitude never mind something as difficult and cut-throat as trading.

@tigertrader wrote an amazing post a few weeks back which I agree with (almost) in it's entirety.
I think it's the opposite sentiment to what you said.

Interestingly (and slightly off topic) if you reread tigertrader's post I think he explains why most traders fail and in fact why most traders are doomed to failure before they even start.
Reading it the first time I found it very sardonic. It was if he was explaining to everybody why they would better off reading something else rather than wasting their time trying to trade.
But maybe I just interpreted it differently than most.

I have to agree, I followed the links, he is telling it like it is, they are a reflection of my experience and belief system. I started trading stocks in the late 80s, no computers around for retail traders then, in the 90s I was trading SPI futures and options off a pager and end of day data that I would download, whilst having to ring in my orders. The markets were very different back then. During the 90s computers came to the masses not just the big players who could afford them, once this happened that edge was gone also. These days it's like the Americas Cup, a race for technology with the smartest/fastest taking the choice cuts, all that is left for the retail trader is the scraps if he can figure out how to get them but it won't be by out teching the whales. This is one of the rare times that I have seen someone discussing pure price action, this is how I approach the markets, anytime that I have mentioned this on a forum I have been ridiculed and derided, but it works at least for me. I have my computers running with charts in the background but simply for ease in watching the price but never use technical analysis when making trade decisions. Having said that, I came on here looking for a way to get access to a trading tool, this is the first time in many years that I have seen something of this nature that might help me in my trading.
Cheers John



"Well, in my book you either do it right or you get eliminated."
Gordon Gekko, Wall Street.

Read above

Reply With Quote
Thanked by:
  #63 (permalink)
 
kroeran's Avatar
 kroeran 
Ottawa
 
Experience: Beginner
Platform: NinjaTrader
Broker: IB, NinjaT/Kinetic
Trading: ES
Posts: 14 since Aug 2014
Thanks Given: 1
Thanks Received: 1


one should also factor in the risk of sitting for long periods, even if you are an exerciser:

Too Much Sitting Is Killing You (Even If You Exercise)

Reply With Quote
  #64 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

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.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #65 (permalink)
avibe
Nairobi
 
Posts: 7 since Jun 2015
Thanks Given: 2
Thanks Received: 6

my time zone is gmt + 3 . fits in so well...i wake up in time for london open.. scalp for 2 hrs then later in the even at open of ny scalp for 2 hrs

Reply With Quote
Thanked by:
  #66 (permalink)
 leinster 
Brussels / Dublin
 
Experience: Intermediate
Platform: ninjatrader
Trading: Stdev + 2
Posts: 468 since Jun 2010
Thanks Given: 844
Thanks Received: 595


tturner86 View Post
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.

Its funny you say that completely the same for me this week killed em in the morning got slayed afternoon on bund.

Sent from my A0001 using Tapatalk

Reply With Quote
  #67 (permalink)
heclara
Houlton, Maine USA
 
Posts: 42 since Oct 2011
Thanks Given: 28
Thanks Received: 32

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 .

Reply With Quote
  #68 (permalink)
CrimsonMacaw
Sydney Australia
 
Posts: 13 since Jun 2016
Thanks Given: 0
Thanks Received: 1

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.

Reply With Quote
  #69 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 580

i start getting burn out after 4 hours. less is more for me

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #70 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192


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!)

Reply With Quote
Thanked by:




Last Updated on December 28, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts