How much time do you spend on a daily basis doing research or "homework?" Most of my time is spent studying/reading about the broad market. On average, I will spend at least 3 hours a night on this. I used to spend more time researching individual stocks, but I have found this to be less important than researching the broad market. My net profits have improved approx. 22% over the last 4 months as a result of this shift in focus. What are your particular study routines?
You should keep in mind that the answer with the most responses is not necessarily the best answer. I answered 0-1 hours, but I am sure my results would improve if I studied more. It is just hard for me to get into the groove (kind of like working out...)
My homework simply consists of going over the couple of charts I watch and analysizing my trades or trades I thought I should of taken. Then perhaps a bit of going over a different chart with my set up to see how it may have performed. I trade futures. I said 0-1. Make 'em pretty, Chris
For me it's not general research, but more mental preparation. I have to take at least 15 min every morning specifically going over what I plan to do in every market scenario. (so when the market moves I just react as planned) But I'm always going over it, during the course of a day. Whether I'm actually trading, on the can, eating dinner, or even just going for a walk. Constantly, in my head, I'm going over my strategy. So it's probably a lot more than 15 mins. Sure enough, the less I do this the worse I trade. good luck
it probably depends on style. i spend 20min max on couple swing systems i'm using right now every evening. two scans on WL, put list of selected stocks in file and that was it. i dont care about what is it,what they do..