What do you do?

This is a discussion on What do you do? within the General Trading Chat forums, part of the T2W Archive category; http://www.trade2win.com/section/art...dollar-traders ************************************************** ************************************************** *** Question 7+8: Paul: What are your hours like? How long is your day and what time ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 27, 2010, 2:50pm   #49
Joined Sep 2010
Re: What do you do?

http://www.trade2win.com/section/art...dollar-traders

************************************************** ************************************************** ***
Question 7+8:

Paul: What are your hours like? How long is your day and what time does it start?

Lex: I need to be behind my screen at 7.00am and normally leave the office at about 5.30pm. I then go home and switch on my screens until about 9.00pm when the US market closes. At night, my BlackBerry has Bloomberg on it next to my bed. When I wake up at night it's hard to resist having a quick check at how the S&P futures are trading overnight. It's never-ending.

Paul: It sounds like it's a 24-hour activity for you, with some set times during which you are thoroughly involved in it, and other times where you're just interested in what's happening, even if it happens to be in the middle of the night.

Lex: Well, we do trade Asian stocks as well, so we might leave orders and if something happens the broker would call from Hong Kong or Tokyo to let us know what is going on. It is 24/7, and I guess that's what it takes.

************************************************** ************************************************** ***

So Lex van Dam is a 24/7 obsessive as well...
Not my kind of thing either TBH.
Maybe with certain styles of trading, timeframe and instrument, its the obsessives who cane everyone else, then again maybe everyone else is just happy with what they can get as and when.

My view is there are plenty of ways of trading, if 24/7 obsession was the only way I'd rather not do it. Strong case for pure intraday if overnight holds are that much of an issue. Thats just me personally. Not knocking anyone who keeps tabs 24/7, it would drive me up the f**kin wall though Maybe thats why I've never had overnight holds on 24hr instruments, only UK stocks (morning gaps can be an issue granted...).

Does raise the question of why we trade though...
Liquid validity is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Nov 27, 2010, 9:58pm   #50
 
trader_dante's Avatar
Joined Aug 2005
Re: What do you do?

trader_dante started this thread
Quote:
Originally Posted by DionysusToast View Post
So - this is not the first occurence of you waking up next to your trading screens after dreaming about the markets ?

Seriously - I'd seek professional medical assistance.
No it's not the first time, I've woken up with a feeling about where things are going.

Strangely enough, it happened again Thursday night. It's quite a rare thing so this somewhat suprised me.

I had my new girlfriend over that evening and so I turned off the screens and we slept in my bedroom rather than my usual spot on the sofa during the week.

Around 2am I woke up with a strong feeling that I had to check the market as something was happening. I had a look at the charts and the first thing I felt was that I had to be short the Australian Dollar. It had fallen around 80 pips since 10pm in an almost straight line.

Normally, I wouldn't touch this after a fall on this scale but the feeling I got that this was going to fall much further was sufficiently strong and this time I decided to take action with the last incident in mind.

The strange thing about this for me was that normally I would want more of a retracement before I got involved but I felt very strongly that there wasn't going to be one at this time. I watched it for a few moments and then I went short at market and went to bed, covering it in the morning for just under a point gain.

I think small exposure in these circumstances is the appropriate action for me. Thanks for your feedback guys.
__________________
Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html

Last edited by trader_dante; Nov 27, 2010 at 10:12pm.
trader_dante is offline Coach/Trainer   Reply With Quote
Old Nov 27, 2010, 10:04pm   #51
Joined Nov 2007
Re: What do you do?

Are you smoking crack or something?

You are going to take a position on what you dream about.

really?

Do you think you're mystic-****in-meg or what?

If you think this is going to give you any edge at all you are either a self-involved psycho or puff the magic dragon.
MrGecko is offline   Reply With Quote
Old Nov 27, 2010, 10:08pm   #52
 
trader_dante's Avatar
Joined Aug 2005
Re: What do you do?

trader_dante started this thread
Quote:
Originally Posted by MrGecko View Post
Are you smoking crack or something?

You are going to take a position on what you dream about.

really?
You must have misread my posts.

There were no dreams involved.

Quote:
Originally Posted by MrGecko View Post
If you think this is going to give you any edge at all you are either a self-involved psycho or puff the magic dragon.
I will let my stats answer this for me.

Thank you for your input though. Always appreciated :-)
__________________
Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html
trader_dante is offline Coach/Trainer   Reply With Quote
Old Nov 27, 2010, 10:13pm   #53
Joined Nov 2007
Re: What do you do?

TD; I once woke up thinking: "Reece Witherspoon would let me blindfold her and do her up the sh!tter". You pay me a grand and I'll tie the blindfold.
MrGecko is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Nov 27, 2010, 10:14pm   #54
Joined Nov 2007
Re: What do you do?

"I see dead traders"...
MrGecko is offline   Reply With Quote
Old Nov 27, 2010, 10:57pm   #55
 
spreader_legger's Avatar
Joined Feb 2007
Re: What do you do?

Yeah ... I had that Witherspoon dream aswell Mister Gecko

Sleep is however a great time for the subconscious to do its thing. I often found that if I had a problem I couldn't solve, looking over it before going to sleep could be quite beneficial.

The human mind is a powerful thing!

Quote:
Originally Posted by MrGecko View Post
TD; I once woke up thinking: "Reece Witherspoon would let me blindfold her and do her up the sh!tter". You pay me a grand and I'll tie the blindfold.
spreader_legger is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Nov 27, 2010, 11:25pm   #56
 
wackypete2's Avatar
Joined Sep 2008
Re: What do you do?

Quote:
Originally Posted by MrGecko View Post
TD; I once woke up thinking: "Reece Witherspoon would let me blindfold her and do her up the sh!tter". You pay me a grand and I'll tie the blindfold.
Only once??
__________________
************************************************** *********************
I'm not into Fundamentals. I'd trade anything for T & A
************************************************** *********************
wackypete2 is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)