[Dinerotrader]

I was just wondering how much time others are putting in on a daily basis related to their trading career. I was trying to add up what I spend right now and thought it would be nice to see how much time others are also spending. If you would be so willing, please post your time spent on average per day as broken out below.

A = Actual trading (watching the DOM, entering orders, etc..)
B = Trading methods review, review of the day’s trading, record keeping, etc..
C = Researching new methods, reading books, reading TL for new trading ideas

Here are my current numbers:
A - 4 hours
B - 2 hours
C - 2 hours
Total daily average: 8 hours

I do expect that number to come down after a year or so more of trading but for now, I have a lot to learn.

[brownsfan019]

Originally Posted by Dinerotrader »

A = Actual trading (watching the DOM, entering orders, etc..)
B = Trading methods review, review of the day’s trading, record keeping, etc..
C = Researching new methods, reading books, reading TL for new trading ideas

A: 3-5
B: 1-3
C: 0-3

As time goes on, I spend less time on C and more on A and B.

[Soultrader]

A = Actual trading (watching the DOM, entering orders, etc..)
B = Trading methods review, review of the day’s trading, record keeping, etc..
C = Researching new methods, reading books, reading TL for new trading ideas

My numbers are as follows:

A - 12 hours
B - 3 hours
C - 0.5 hours

A and B are overlapping since I am watching the markets during Asian hours all the way to US morning while reviewing stuff throughout the day. C is something I have cut drastically over the past year. I have stopped learning new or other peoples method but instead sharpening my own.

[bathrobe]

A: 6 hours
B: 1 hours, I do not review the day, but I do pre market homework before the open do define where I want to place "fundamental" trades.
C: 20 minutes

[Cory2679]

Originally Posted by Dinerotrader »

Here are my current numbers:
A - 4 hours
B - 2 hours
C - 2 hours
Total daily average: 8 hours

That's impressive Dinero, considering you also work full-time (if I'm not mistaken).

If you don't mind, would you be willing to share your daily trading/work schedule (which hours you trade, which hours you work)?

Thanks,

Cory

EDIT: I don't mean to be intrusive...I was just curious because you appear to post/trade during the typical work day...I may have to get a full-time or maybe part-time job in the future, depending on how trading's going, so this topic is of particular interest to me...

[DugDug]

Previously when longer term trading
A=2 hrs
B=1hr
C=3 hrs (including reading papers, the internet, everything)

Now attempting to day trade more.
A=8 -10 hrs
B=1hr
C=8 -10 hrs (same as watching the DOM really)

Actual financial results seem to have a negative correlation to the hours spent so far.....which should be telling me something. (I should stick to my longer term trades)

[Dinerotrader]

Originally Posted by Cory2679 »

That's impressive Dinero, considering you also work full-time (if I'm not mistaken).

If you don't mind, would you be willing to share your daily trading/work schedule (which hours you trade, which hours you work)?

You forgot to post your own numbers Cory.

Yes, I am a CPA working a full time job at a fortune 500 company. I basically just get the work I am required to do completed and trade all other times. I go to work 2 hours early to trade the 1st 2 hours of oil and I can normally trade the 3rd hour uninterrupted as other employees trickle in (I live in Arizona so pit open is at 6:00am my time).

I am too risk adverse to quit my job until I am making more than my current income with real money trading. I have 4 sons (twin 5 year olds, a 3 year old and a 1 year old) with another boy on the way and the wife doesn't work so I don't have a lot of room for failure. I have gradually traded more and more over time at work and made sure my superiors knew I was a "do the bare mimimum" kind of employee so they wouldn't give me more responsibilities. Thank goodness for Open ECry because they are the only broker I have been able to download and use on my corporate computer. More info than you wanted but I got on a roll.

I hope more traders post their numbers here. I think it is really good for new/aspiring traders to see how much work time is actually put into trading. It also helps me to get motivated to make more time for trading development.

[brownsfan019]

Originally Posted by DugDug »

Previously when longer term trading
A=2 hrs
B=1hr
C=3 hrs (including reading papers, the internet, everything)

Now attempting to day trade more.
A=8 -10 hrs
B=1hr
C=8 -10 hrs (same as watching the DOM really)

Actual financial results seem to have a negative correlation to the hours spent so far.....which should be telling me something. (I should stick to my longer term trades)

Actually what it's telling you DD is that daytrading is not something that can be mastered in a short period of time. It will take you years to master this trade.