How to create successful routines

Are you struggling also to find the time to create a serious handelsrutin in addition to your regular job in order to spend more time with friends and family and have time for your hobbies? You are not alone. To create a better handelsrutin and to be able to take advantage of your limited time will have a big impact on your trading. The problem is that 90% of all trading venues to focus on how to select records, and discusses the newest indicators, instead of talking about how to build a professional and structured routine around your personal daily life. If your trade would have no structure and if you want to find a way to combine all the things that are important to you in your life, this is the article for you.

 

When you have time? A first assessment

The first and most important is to do a review of your personal life. When you are on the job, when you can’t check your chart and how much time you really have on your hands? The table below shows a week for a person with a normal dagsjobb. If you are like most people, you’re spending 35 – 50 hours per week on the job. You probably have hobbies after work (sports, friends, etc) takes a bit of time this weekend also. And even if this sounds like a busy life already, you need to find the time to shop. A typical schedule for the average person looks like this:

The white areas show that I usually watch tv, play games or do other ”less important” things.

What fits your lifestyle?

Your method of trading must be chosen with caution. Not all handelsstilar is just as good for different lifestyles, and by deliberately choosing the trading style that goes well with your personal life, you can increase the chance of success significantly as you are more inclined to follow your handelsrutin.

Option 1: Daghandel

Daghandel means that you open and close your trades within a few hours. Daghandlare is usually the lower timeframes and have multiple shops per day. To be a daghandlare does, however, mean that you need to actively follow the markets. For example, an american trader, with a job at 9-17 find it difficult to trade in the us market because his dagsjobb occupies the same time as the u.s. stock market is open and can not actively follow it. The same american merchant, however, could choose to trade the european, asian and australian sessions (or parts of it) after work. There are just two examples of how you take into account the time zone you are in and your scheduler pane, and then select an appropriate market, which you can combine with your personal life.

Option 2: Swing trading

Swing traders tend to trade the higher time frames and hold trades for several days and sometimes weeks. Therefore, the sitting swing-traders are often not in front of their screens all day, but check their positions a few times during the day. For these reasons, swing trading is often easier to combine with a 9-17 job and other responsibilities, since you need less ”skärmtid”. A swing trader would therefore need 1 – 2 hours every morning before he comes to work to check up on their business, analyze, and manage their positions when necessary and plan their ideas. After work, he makes the same: he spends 2 hours devoted to their positions, analyzing them, monitors the markets, carries out analysis and planning on its next trading day.

What should you do when the markets are closed?

This separates the profitable from the loser. The average struggling the merchant closes their platform on Friday night when the markets close and then open on Monday morning. The professional and serious trader does the opposite. When the markets are closed start the real work.

A surprising part of what sets up the traders to success during the day, is what has happened the previous night. – Dr. Steenbarger

A serious traders review their trades, analyze the instruments he follows, write, and update their trading plan, describing his activities in his handelsdagbok and preparing for the next day. Do this for 60 – 90 minutes each night – this will change your trading. Weekends -carefully review your past trading week, go over your handelsdagbok again and perform an in-depth analysis of the instruments and markets you’re looking at.

The table below shows what your weekly schedule might look like.

The myth of skärmtid

Traders often talk about the concept of skärmtid and they think that they must spend several hours every day and stare at their charts in order to become better traders. But most traders are surfing, reading forums to find a better system or chatting with other traders. Instead of wasting your precious time, use it wisely. The key word is deliberate practice. We challenge you to begin to implement a more serious approach. Are you tired of not seeing any results? Perhaps it is time to try something new.

Leave a Reply