Trading nowadaysis much easier than it was in the early 2000s: all we need today is a PC and monitors with an Internet connection. Banking platforms also are all fast in trading financial assets. But what is a trader’s typical day?
That of a trader is an extraordinary job, to say the least, for several reasons! On the intellectual level, it is very dynamic as an activity. In fact, trading involves various aspects, in that in order to know how to invest/speculate and earn profitably, one must have a keen, forward-looking and sometimes visionary look at what is happening and can happen in the markets and in the reality around us. Although it may not seem so on the surface, the emotional aspect is also involved, reasoning that a certain rigor and mental clarity must be maintained at all times. Then let’s face it, the trader knows no crisis. While around the world the pandemic has forced numerous businesses to their knees, the trader’s business has been doing great (of course you have to know your way around the markets).
On the more practical side, if you are a trader you are completely free from classic working hours, you don’t have to deal with employees or superiors, but most importantly the beauty is you can do it in any city in the world.
In addition to this, one must consider the freedom of not having to deal with arrogant suppliers and customers. Often in other activities a lot of time is lost behind bureaucratic issues; here trading for example has no bureaucracy.
A professional trader over time refines the ideal trading hours and , above all, plans what kind of trader he or she wants to be. WHAT DOES IT MEAN? What is a trader’s typical day?
We can be 4 types of traders:
1-POSITION TRADER: is a trader who buys certain financial assets and holds them for weeks and months or even years.
2-TRADER OF SWING : is a trader who works the retracements and corrections of markets. He makes few weekly transactions and keeps them for a few days or weeks at most.
3-THE DAY TRADER: He is a day trader, works only with intraday positions and then closes everything in the day, never goes overnight in the markets and makes a couple of trades a day.
4 -TRADERS FROM SCALPING : Scalping are trades that last a few minutes or seconds. A pure scalper can make as many as 50 to 60 trades a day. Very frequent activities.
LIFE AS A TRADER: HOW DOES IT BEGIN?
I, for example, wake up around 7 o’clock. After a shower and a nice breakfast, I start to set up in post around 8 a.m., check the Asian close and focus on the assets I am most interested in.
Between 8 and 9 o’clock I mark levels that I think are important in the major markets. I then answer questions from subscribers and trainees in our chats by providing them with my personal price levels so that they do not have to do the study every day.
Once I have clear levels and market configurations, at 9 a.m. I wait for theEuropean opening where with our techniques I try to make my first daily positions.
Once I go to daily target and have reached the goal I try to take my mind off and do other things (content to the community ,articles, productions etc.). I devote part of the day to training our trainees by helping them in their operations. After that I also devote part of the time to answer the many questions in private. I like to take time to go to the gym or play sports; preferably late morning and then lunch, or late afternoon.
The day continues in the afternoon with theopening of U.S. markets. And even here, with our techniques, if there are opportunities, I go into the market.
Arrived at target I detach and take care of the preparation of the various weekly webinars. Mondays the one on securities analysis and Thursdays the one on market analysis, commodities and forex. Not to mention the many free webinars during the week always at 9:30 p.m.
Every Wednesday we follow the opening markets live with professional staff traders and provide the trading room to our subscribers who can take cues and learn from our trades.
In the evening around 7 p.m. we tend to go walking to completely disconnect.
We do this work for our trainees and subscribers, so that they can follow the markets more lightly with direction from professionals. In this way they too can be profitable in the markets even after only a few hours of work per week.
In our courses we teach a prof itable, backtested technique that over the years very often has brought us profit as early as the early morning hours. This is a very important aspect for those who would like to approach trading but do not have the whole day to follow it.