Daniel Bustamante | Coach
Routine is arguable the most important part for any investor or success entrepreneur. Take for example today. It's Sunday which usually means for me that I'll review the markets from last week and try to look for 2-3 ideas to use this week to trade and make money from.
I like doing it this way because I don't day trade and I don't believe in being at the computer all day long in order to make money from the markets. I use this alert tool on Think or Swim that reminds me when its 11:30am EST - so each day I get a text and bell notification that 11:30 am is here (this is the European markets close). Usually the market tends to be done for the rest of the day at this time but I set the reminder to help me to get to other important tasks at hand.
I find it easier to work in scheduled windows like this. This goes on for most of the week except Friday's because I rarely put on new trades on Friday and it's mostly consistent of taking off old positions, good or bad.
I wanted to write on this topic today for some of the newer investors who may read this blog. When you're starting it's all about getting into a routine. At first the learning curve takes some time but you'll notice within a years time a routine start to develop and it's from here where it tends to be smoother sailing.
I hope this helped.