Intro
Whether you trade full time or part time its helps to plan around your trading sessions with other activities so you aren't stuck looking at the charts all day
Too much time at the charts can lead to forcing trades or analysis paralysis and can take up a lot of your time
Trading means working for yourself so why would you want to put in more hours than if you had a regular 9-5?
What is a typical trading day for you?
Trading Time
Follow your routine to prep for your sessions and execute on your trades, then have a time to review and recap your days work
What times and how many hours do you want to spend out of your day doing this?
Ideally trading should not take more than 3 hours for each session
I trade pre market into market opens 7.00am - 9.30am for London and New York sessions so that's 5 hours a day. If I open and close a trade during the session then I analyse the trade in my journal and wait for the next session.
After both session I do a recap and I'm done for the day. Occasionally, I'll go back and look at charts but I'm not actively trading, just seeing what the price action is doing
Doing a quick assessment of your mood and mindset before you trade can be beneficial to your session. Being hungry, tired, upset can lead to poor trading performance
Food + Health - making sure you eat right throughout the day
Provides energy
Improves concentration + focus
Working out
Boosts energy
Increase blood flow to your brain
Improves body health
Finding time to be active is important especially if you spend hours throughout the day sitting down whilst you are trading
What other hobbies do you have?
They say these are the 3 types of hobbies that you should have:-
Do any of your hobbies fit into any of these categories?
If they don't, try to engage in some hobbies that do, diversify your lifestyle
Being a forex trader doesn't mean all your activities revolve around trading
How to make a daily plan
If you're not a 'diary keeping' type of person then maybe try google calendar to plan your days
Make a list of all your important tasks and activities
Choose a time and how long it will take you to get each task/activity done
Schedule EVERYTHING even your chill time
Break up your tasks so your not doing the same type of activity back to back ie:- trading>gym>designing
When you are a forex trader, especially full time, you will need to plan your days to make the best use of your time, be clear on your priorities and diversify the activities in your life
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