This entry was posted on Saturday, June 28th, 2008 at 1:57 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
As some of you may have noticed, I haven’t been posting much recently due to multiple factors. The first being my “real” job has been taking up significantly more of my time, primarily due to business travel. Amazing how spending hours stranded at random airports cuts into your stock blogging time.
The second is that I’ve been trying a slightly different approach to my trading. Where I used to be a voracious reader of everything market related (news, blogs, books, forums, etc), this past quarter I’ve done little more than update telechart to look at charts, read my favorite blog (alchemy of trading) and of course IM/talk with Dave.
In spending less time, I’ve noticed my trading has become less taxing. I’m no longer worried if I miss an open, or if I haven’t read any news. When on business trips, days go by without me even having a chance to look at my IB account.
The result of all this has been positive, my account has been doing well and trading no longer feels as much like a 2nd job. I’m not worried about missing a few days action one way or the other. Trading is such a strange thing, unlike almost every other profession, the results are often not at all commiserate with the amount of effort expended. For those of you that have full time jobs, remember that making 10% spending 10 hrs per week, is a much greater return on your time than making 15% spending 50 hrs per week.
- John