investing day what do you do at office?

Discussion in 'Professional Trading' started by laeott, Apr 27, 2007.

  1. laeott


    I'm curious. Right now I am paper trading. I'm considering part time trading with real money in Aug 08. What is a typical setup for people swing trading. What do you do when you get up in the morning, afternoon, evening. Do you have a plan? Is there routines to do?
  2. 8:30a-9:00a: Scan for post and pre-market gaps in watchlists
    9:30a-10:45a: Closed swing positions, trade gaps, D/T
    10:45a-1:45p: Close gaps, manage momentum trades, no D/T
    11:30a-1:00p: Eat lunch, exercise, run errands, personal time
    1:45p- 2:45p: Scale out intra-day momentum trades, LDBOs/BDs, D/T
    2:45p-3:45p: Open swing positions, close intra-day momentum, D/T
    3:45p-4:00p: Close LDBOs/BDs, no D/T, open swing positions
    4:00p-4:30p: Balance trading blotter, update accounting/inventory
    4:30p-4:45p: Review diary entries
    4:45p-6:00p EOD Scanning
  3. ...this is just an EXAMPLE.
  4. "What good have I done today?"
  5. nonam


    In 1923, Who Was:

    1. President of the largest steel company?

    2. President of the largest gas company?

    3. President of the New York Stock Exchange?

    4. Greatest wheat speculator?

    5. President of the Bank of International Settlement?

    6. Great Bear of Wall Street?

    These men
    were considered some of the worlds most successful
    of their days.

    80 years later,
    the history book asks us,
    if we know what ultimately became of them.

    The Answers:

    1. The president of the largest steel company.
    Charles Schwab ,
    died a pauper.

    2. The president of the largest gas company,
    Edward Hopson ,
    went insane.

    3. The president of the NYSE,
    Richard Whitney ,
    was released from prison
    to die at home.

    4. The greatest wheat speculator,
    Arthur Cooger ,
    died abroad, penniless.

    5. The president of
    the Bank of International Settlement,
    shot himself.

    6. The Great Bear of Wall Street,
    Cosabee Livermore ,
    also committed suicide.

    in that same year,
    1923, the PGA Champion
    and the winner of the
    most important golf tournament,
    the US Open, was
    Gene Sarazen .
    What became of him?

    He played golf until he was 92,
    died in 1999 at the age of 95.
    He was financially secure
    at the time of his death.

    The Moral:

    Screw work.
    Play golf.
  6. Very funny, but factually inaccurate.

    The wheat speculator is Arthur Cutten.

    Richard Whitney was not NYSE president in 1923 but 1930-35 and he lived into his 80s, long after serving several years in prison.

    The BIS did not exist until the early Thirties.
  7. So what's the answer? If you spend most of your time asking questions, you'll have less time answering them. My next questions are:What's the answer to "your" (last) question...and what have you done to improve the answer?

    The onus is upon you! Asking questions, quabbling with folk on the Internet, thinking of your next reply, typing that reply and adding zeroes to the tail end of the final number on your deposit slip will make it happen. In YOUR MIND I'm just another jerk replying to you....GOOGLE me,( Jai Ramoutar (I DARE you) prepare for me, challenge me, and then prepare for me to rock your world. In the interim, get an answer to your first first question. God bless you, and you rockin my bid!