A Strong Trading Mind

[toocool]

One of the best tests of a trader is what they do when markets are closed... - Brett Steenbarger

Curious to know the answer

 

[amitrandive]

Originally Posted by Snake.Head View Post

One of the best tests of a trader is what they do when markets are closed... - Brett Steenbarger

Curious to know the answer

What You Do When Markets Are Not Open

http://www.brettsteenbarger.com/trader_performance.htm#What You Do When Markets Are Not Open


I'm convinced that one's market routines during periods when their trading markets are not open have a lot to do with long-term success. Evenings and weekends are ideal times for market research. They provide opportunities to step back and see larger trends and themes in markets and develop ideas for the coming day and week. I consistently find that my preparation during evenings, early mornings, and weekends is correlated with my success the next day and week.

Think of two traders. One follows markets during trading hours; the other does the same but also studies charts and related markets--as well as his/her own trades--before the open and after the close. Day after day, think of how much more exposure to market patterns the second trader has compared with the first.

The really great performers in any field are distinguished by effort and the proper direction of that effort. We see it among Olympic athletes, artists, and scientists. The more mediocre performers simply don't break a sweat. They put in the normal hours, the normal effort--and they achieve very normal (average) returns.

My work day starts faithfully by 5 AM; many days earlier. By noon I've worked as many hours as many people put it during a full work day. My weekend days are exactly the same. By the time a week has ended, I have easily exposed myself to twice as much information, twice as many market patterns, as the average trader. Compound that over time, and it's not difficult to see how my learning curve can look radically different from someone else's after a year's time.

When you love what you're doing, it's not really work; it doesn't feel like effort. So what are people confessing when they don't make the extraordinary efforts?

 

[RAAMAKANT]

What You Do When Markets Are Not Open

http://www.brettsteenbarger.com/trader_performance.htm#What You Do When Markets Are Not Open


I'm convinced that one's market routines during periods when their trading markets are not open have a lot to do with long-term success. Evenings and weekends are ideal times for market research. They provide opportunities to step back and see larger trends and themes in markets and develop ideas for the coming day and week. I consistently find that my preparation during evenings, early mornings, and weekends is correlated with my success the next day and week.

Think of two traders. One follows markets during trading hours; the other does the same but also studies charts and related markets--as well as his/her own trades--before the open and after the close. Day after day, think of how much more exposure to market patterns the second trader has compared with the first.

The really great performers in any field are distinguished by effort and the proper direction of that effort. We see it among Olympic athletes, artists, and scientists. The more mediocre performers simply don't break a sweat. They put in the normal hours, the normal effort--and they achieve very normal (average) returns.

My work day starts faithfully by 5 AM; many days earlier. By noon I've worked as many hours as many people put it during a full work day. My weekend days are exactly the same. By the time a week has ended, I have easily exposed myself to twice as much information, twice as many market patterns, as the average trader. Compound that over time, and it's not difficult to see how my learning curve can look radically different from someone else's after a year's time.

When you love what you're doing, it's not really work; it doesn't feel like effort. So what are people confessing when they don't make the extraordinary efforts?

 

[Catch22]

It was pride that changed angels into devils; it is humility that makes men as angels.-----'An ordinary Human'

 

[amitrandive]

 

[amitrandive]

 

[amitrandive]

"Life has no limitations, except the ones you make."

Les Brown

 

[toocool]

Strength does not come from physical capacity. It comes from an indomitable will.
- Mahatma Gandhi

 

[cheap]

cheap

Thanks for the Link!!!
:clapping:

Your welcome. Here's one more
https://www.youtube.com/watch?v=iGqXkW2vMZs

and now he's richest man in china.

 

[market oracle]

Lovely messages. Its such a positive thread. A pleasure to read every morning before trading hours begin