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Well I can absolutely prove I'm lazy and I'm staying that way. However
50 to 70 hours seems a reasonable number of hours a trader would devote
to the market. I'm not about to count the hours I put in. That would
be like dealing with reality and the market is a bit of a passion for
me. The most discouraging thing I have noticed about good traders is
they are never satisfied. They just keep reading and coding or whatever
it is they come across to do to improve their skills in trading. If you
are putting in 30 hours a week or perhaps 40 you don't seem to fit the
mold. I suggest you keep track of your hours for the next week starting
right now. If someone asked me how many hours I spend on trading a day
I would say oh just a few. I'm too lazy to count them.
Lazy Jimmy
Pres. Lazy short hour trading, LLC.
-----Original Message-----
From: Alexander [mailto:alexander@xxxxxxxxxxxxxxxxx]
Sent: Thursday, July 11, 2002 12:17 PM
To: Omega List
Subject: Work 50-70 hours a week
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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