For how many hours do you trade daily?

Exscudo

Member
60 11
I was wondering how much time you guys devote to trading every day?
I’m not able to do it full time, the most I can give it is about an hour a day right now. Is this enough to start?
How about you?
 

counter_violent

Legendary member
9,602 2,439
I was wondering how much time you guys devote to trading every day?
I’m not able to do it full time, the most I can give it is about an hour a day right now. Is this enough to start?
How about you?
24 hrs.

Let your platform trade orders do the work.
 

counter_violent

Legendary member
9,602 2,439
But how much time do you actually spend tracking the activity or making corrections and so on?
OK well that depends if i'm working or on days off or market conditions that are of interest. Everyone will have a different answer to this question. Suffice to say, I look at the markets every day at some point and make any adjustments as required. Positions are small therefore managing outcomes is where i'm at. I've no wish to be controlled by the time element of trading and I don't rely on it as a means of income, so no pressure.
 

Tytus_Barnowl

Member
92 7
24 hours. Thats why I'm on this forum at 01:30 in the morning.:cool::D
 

Pat494

Legendary member
13,651 1,360
I suggest you use the daily time frame if you are time poor and trading manually. I hour a day is plenty.
Alternatively use your computer to assist you all day and just look in daily to see that things are going well.
 

Exscudo

Member
60 11
OK well that depends if i'm working or on days off or market conditions that are of interest. Everyone will have a different answer to this question. Suffice to say, I look at the markets every day at some point and make any adjustments as required. Positions are small therefore managing outcomes is where i'm at. I've no wish to be controlled by the time element of trading and I don't rely on it as a means of income, so no pressure.
Thank you for clearing that up, I get where you are coming from. From what I'm hearing, to start about an hour a day that I can scrape is more than enough, and later I will also look to automate the process.
 

Exscudo

Member
60 11
I suggest you use the daily time frame if you are time poor and trading manually. I hour a day is plenty.
Alternatively use your computer to assist you all day and just look in daily to see that things are going well.
Thank you very much! Will do just that. I will start manually and then look at automating the process when I get a hang of it, I think
 

scarlet jones

Junior member
14 2
I can understand. How much time one spends on trading would depend on trader to trader and his trading style . One hour for you may be fine and may not be. Keeping the fact in mind , that you are a new trader , i would suggest you to try to find some more time for trading , may be somewhere in between your work during lunch or early in the morning when the market opens , you can see how the market is moving and make your calculations as to how they will move in future.
 

cantagril

Senior member
2,258 509
OK well that depends if i'm working or on days off or market conditions that are of interest. Everyone will have a different answer to this question. Suffice to say, I look at the markets every day at some point and make any adjustments as required. Positions are small therefore managing outcomes is where i'm at. I've no wish to be controlled by the time element of trading and I don't rely on it as a means of income, so no pressure.
In my own case, I concur on this.... word for word. I also think that the throwaway at the end ".....so no pressure" is about as good as you can possibly get for a beginner. :)
 

wackypete2

Legendary member
10,188 2,040
I daytrade daily so I am looking at my screens on average 3-5 hours each day I trade. I do however take at least 1 weekday per week off to give my mind a rest, and as others have said here: No pressure is a great way to go.

Peter
 
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Exscudo

Member
60 11
I can understand. How much time one spends on trading would depend on trader to trader and his trading style . One hour for you may be fine and may not be. Keeping the fact in mind , that you are a new trader , i would suggest you to try to find some more time for trading , may be somewhere in between your work during lunch or early in the morning when the market opens , you can see how the market is moving and make your calculations as to how they will move in future.
Thank you! I understand that especially when you are just starting out, the more time you spend doing something the faster you will become better at it. And then at some point you can spend less time but still be more efficient. Thank you for the advice!
 
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Exscudo

Member
60 11
I daytrade daily so I am looking at my screens on average 3-5 hours each day I trade. I do however take at least 1 weekday per week off to give my mind a rest, and as others have said here: No pressure is a great way to go.

Peter
So that means that you are doing trading full time and spend no more than 5 hours a day on it?
 

Pat494

Legendary member
13,651 1,360
Don't give up the day job until you are making decent profits.
1 hour at breakfast is sufficient for day trading. See how well you did when you get home again from work !!
Make SURE you have a stop loss ( say 150 points ) and a take profit ( another 150 points ).
 

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