Halkins, Ww havent met yet, but yoiu nseem like a good poster and i look forward to what you say. I must say you said something about "ONLY" haveing your lunch hour to give to this...well...maybe...just maybe ,guys like me with no job doing this 8-12 hrs a day are winding up not only with carpal tunnel...byt ANALYSIS PARALYSIS. Maybe some of us "should" switch to putting only one hour a day into our analysis and see what changes, what "crap" we trim from all the indicators and ideas we have. Liek for me, im currently working 3 winning trading...Ignored
Silat, buddy, I think it’s more complex and I am afraid you missed my point.
What I said is it’s really hard to be a professional trader if you cannot dedicate all your time and energy for it.
I tried to work full time job and trade at the same time, but it didn’t work, as I missed many good opportunities.
Well, I know there are some traders saying they spend only half an hour a day for analyzing and they are still successful, but it didn’t work with me. They are usually looking for a setup on 4H and 1D time frames and take only few trades in a month.
But frankly, if I spend let’s say 8 hours in front of my screen, it’s only a 30-50minutes for daily analyzing, and aaaalllll the rest is nothing else then boring waiting. Waiting for good entries…
Please note that my “open position” is in fact a cluster of 3-20 smaller trades, sometimes hedging each other. I never ever open one big position. I use my own EA software, so within a second I can alter all my trades only by touching a single line on my chart. What I see on my chart is only a computer simulation of all daily trades determined only by single BE, SL and TP line for all my positions.
All the best to you...
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