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Color me lazy!
This month's Active Trader magazine has an article, "A Trader Checklist." It
says, "In most cases though, being a successful trader requires anywhere
between 50 and 70 hours of work per week."
Doing what?
The active markets are only open about 30 hours a week if you stare at the
screen the whole time. How much "study" does it take before you learn something
simple that you feel comfortable with? Then what? An hour a day reading trading
books and magazines to see what other people are playing with? It takes 10
seconds to put on a trade and 10 seconds to close a trade. It takes 10 minutes
to figure out where to get in, where to get out wrong and a target. Every
software and web package has alarms.
I'm just a beginner and maybe a fool but just what are you experienced
successful people doing all that time? Or does that 50-70 hours include yoga,
watching daytime TV, emails to friends, washing dishes, web surfing, making
dates, clipping toenails?
alexander the lifestyle-challenged
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