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Hello Alexander,
Oh, you have to include the following:
1.5 hours arguing with other O List members over whether its best to
be a mechanical or discretionary trader.
1.0 hours downloading and installing missed data.
1.5 hours counting all you money before you put it in the mattress.
1.25 hours reading Old Wine in New Bottles (aka Technical Analysis of
Stocks and Commodities).
.50 hours arguing with other O List members whether Larry Williams is
a marketing genius or a trading genius.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Thursday, July 11, 2002, 1:16:51 PM, you wrote:
A> Color me lazy!
A> This month's Active Trader magazine has an article, "A Trader Checklist." It
A> says, "In most cases though, being a successful trader requires anywhere
A> between 50 and 70 hours of work per week."
A> Doing what?
A> The active markets are only open about 30 hours a week if you stare at the
A> screen the whole time. How much "study" does it take before you learn something
A> simple that you feel comfortable with? Then what? An hour a day reading trading
A> books and magazines to see what other people are playing with? It takes 10
A> seconds to put on a trade and 10 seconds to close a trade. It takes 10 minutes
A> to figure out where to get in, where to get out wrong and a target. Every
A> software and web package has alarms.
A> I'm just a beginner and maybe a fool but just what are you experienced
A> successful people doing all that time? Or does that 50-70 hours include yoga,
A> watching daytime TV, emails to friends, washing dishes, web surfing, making
A> dates, clipping toenails?
A> alexander the lifestyle-challenged
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