How much time you spend of trading?

I've been wondering for a while how much time people here of FF spend on trading in an average week. I couldn't find a thread about this so here it is now.

So how much time do you spend on trading PER WEEK? this includes taking positions, studying the market, analyzing, backtesting, writing plans etc. but please exclude the time you spend reading FF in the poll, you can add this separately if you comment. It would also be very interesting to know how you divide the time you spend on trading.

Really interested to hear this and it should shine an interesting light on trading,

Regards,
Nevie2

What's the time units? Minutes or Hours?

Yes and also over what time period? Per week?

I spent 6-8 hours trading few years ago, but rather inefficient because the pace was too fast and I keep adjust my trading plan on m15 chart.
Now I only trade swing and use 1-2 hours a day for analyzing and plan a trade then afterward I just let it either hit SL or TP. Maybe just 2 or 3 trades a week.

excuse me, should have included that, i mean per week and i'll add that to the poll

Added new poll because i couldn't alter the first one

At first I spent about 30 hours a week because I had a job and was attending college. When I left that job for a different one, I was able to increase it to about 60 hours a week. I got more serious and quit working, increasing it to about 100 hours a week. Every 4-5 months or so I took off about 2-3 weeks to refresh my brain. Now, my system runs automatically and alerts me to trade opportunities, so I spend about 2 minutes a day doing actual trading, maybe less. I still spend about 10 hours or so a week analyzing new ideas, modifying indicators, reviewing trades, and validating signals on other pairs. I like the creative process. Never heard of FF the first 9 years.

I spend 10 minutes (max) at 10am / 2pm / 6pm - Mon - Fri (UK TIME)

And probably spend 2 hours a week on "admin"

Thats it, stress and hassle free nowadays. Gone are the days spending 12 hours 5 days a week. Trading anything under the 4 hour charts is mind numbing and makes you crazy. Over trading is one of the reasons most people lose money.

Really depends...Sometimes I spent +10 hours a day and sometimes only 1-2...On average between 20-30 a week...

Thanks for all the comments and votes, really insightfull. I myself fall in the 70+ category whenever it's holiday, a lot less during normal weeks because i'm a student still. I get the feeling people are not committed enough and somehow believe they can succeed at an extremely difficult profession with alot more winner then losers without putting in 10% of the work that the most succesfull traders do, intriguing stuff

I think the exact OPPOSITE. You are wasting your time trading 70+ hours a week. That is crazy. You are over trading. Trading isn't about how many hours you can sit in front of a screen and procrastinate, its about identifying and opportunity, committing to it and waiting to see if you are right or wrong (i.e profit or loss)

Your definition of success is very different from others. Person A could be trading £250k account and be successful making 5% per month. Person B could be trading a £10k account and be successful making 5% per month. Success is relative.

Here is a couple of questions for you.
If you were trading with £1million would you still trade for 70 hours a week ?
If you were trading with £1million would you take the same risk as a £10k account?
If you were trading with £1million would you be happy with 5% return a month ?

The more money you trade with the less risk you take and the lower return you will take which means you can spend less time trading.

I'll throw in my 2 cents. I trade for about 6 hours a day or 24 hours a week. Out of those 6 hours, I don't really spend that much time in front of the screen. I just shut down the platform and no longer trade at all after the six hours are up. While the six hours are going, I set alerts and do other things until something goes off or changes on the charts such as work on my other business or waste time on forex factory like right now...

LOL Yeah i probably spend more time on here than actually trading.
I don't think FF is a popular as it used to be many years ago.

yes trading 70+ hours a week would be very crazy, I only trade for roughly 6 hours per day. The other hours get filled with analyzing parameters,backtesting, general analysis, analyzing live trades etc. Like Madinvestor said i also don't trade after my time is up.

I don't think success has to be very relative, of course you have to think in percentages you make but at the end of the day all that matters is your p/l in hard cash. I just think it's the responsibility of a trader to make sure he or she has enough money to make the percentages count.

for your other questions:
1. I would most definitely crank up the 70 hours to 100+ hours if I would have 1 million on my account, because then I could skip university (and why on earth stop after that )
2. I might crank the risk % down a bit, but only because you can attract near unlimited capitol with a proven track record over a couple of years so it's quite futile to risk high % of your money after that point because even a million won't make a dent in a proper traders account.
3. most definitely, you would do a lot better then nearly every trader alive if you could do that consistently

hope that clears things up,
regards