How to organize your schedule for every day online stock trading
Good schedule for each day on market make stock trading easier
Do you have your schedule for every day online stock trading ?I mean do you have plan what you will do during every day as a trader ? I prepared such plan last year. I needed to have consistency every day. US market stock trading has to be done very professionally if you want to do it as a business - as a trading for living. I felt unorganized in my every day routine . So I thought that when I prepare such plan it could help me. And it helps ! My trading improved a lot since I started to use written schedule of stock trading day. And since that I already say a lot of times "Huh, it was best day of my stock trading today". So here is my schedule what I do during typical day. It is in US stock exchanges time ( Eastern Time). But keep in mind that I live and trade from Europe where is 6 hours time shift (CET- Central European Time).
| 07:00 ET - 09:00 ET | monitoring situation on European stock markets, Forex, Commodities markets. Reading interesting articles, newsletters and analysis | | 09:00 ET - 11:00 ET | concentration on stock markets, management of trades | | 11:00ET - 14:00 ET | stock exchange monitoring on background, I react only to alerts pre set in my stock trading software. I read emails, do some issues on web, also enjoying some time with family (it is already evening here in Europe) | | 14:00 ET - 16:00 ET | complete concentration on stock markets, management of my open stock trades | | 16:00 ET - 18:00 ET | stock market analysis, preparation of swing trade setups for stocks and ETF for next trading day | | 18:00 ET | it is midnight here (24:00 CET) so I am going to sleep..... | I have printed it and have it above my monitors on the wall notice board, I can easy see it every day.
My special stock market trading tip
You can see that I do not do any analysis during time when stock exchanges are open. Yes it is right. I have prepared for every day stock trading setups in advance. I have them in Excel and do not think about them during trading hours. I only wait for alert to signalize me that some trigger price is near, so I do necessary action.My analysis and preparation process of setups is done after market trading hours (and sometimes before market). I define it that I am divided into two persons. One is analyst - I do this job when market is closed and everything is quiet. It allows me to think about stock charts , make stock chart analysis and prepare every day stock trading setups in quiet environment. Second person is trader. He receives the daily stock picks from "analyst". His role is not to think about setups anymore. Only execute trades described in todays stock picks list. It looks little bit strange but it helps me a lot. I do not like to make analysis under stress. And open market , moving stocks, news etc are not good for my
stock analysis
.
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