-
Re: Trading with fixed schedules or all day in front of the chart?
I have been operating in forex for a year and I still can�t find the balance between spending time and not going crazy. At first I operated all day, without schedules, always looking at the chart and I ended up mentally exhausted. Then I tried to put on a schedule of only 2-3 hours a day, but I felt like I missed a lot of opportunities. How do you do it? Do you have fixed hours to operate or are you all day reviewing the market? Do you think that being more selective over time is better or you lose advantage over those who are all day ahead? I am especially interested in the experience of those who have already been doing this and live on trading. How do you organize your realistic workday?
-
Re: Trading with fixed schedules or all day in front of the chart?
I do scalping alone at the opening of London. Maximum 2 hours a day. And believe me, I earn more than before when I spent 12 hours watching candles and losing trades for exhaustion.
-
Re: Trading with fixed schedules or all day in front of the chart?
In my case I have a steady job, so I only operate in predefined sessions, but that limitation forced me to be more efficient and stop operating out of boredom, which was what made me most lose money.
-
Re: Trading with fixed schedules or all day in front of the chart?
The one who says you can do trading 24/7 and be profitable lies or hasn't yet gone through a burnout. This is a marathon, not a speed race. The focus is everything.
-
Re: Trading with fixed schedules or all day in front of the chart?
There is no single rule. Some operate only in the New York session, others in London. The important thing is to find what market moments best fit your style and pace of life.
-
Re: Trading with fixed schedules or all day in front of the chart?
I do it by blocks: I analyze at 7AM, open positions between 8 and 10, and close everything at 12 at the most. The rest of the day to live. This is not to be chained to the MetaTrader.
-
Re: Trading with fixed schedules or all day in front of the chart?
After several years dedicating myself to trading and having tried many styles, I can say quite clearly that establishing a fixed schedule not only improves your performance, but also protects your mental health. Many of us enter into trading as a probability and think that being facing the graphics more time equals more opportunities and therefore more money. But that rarely is so. In my experience, the overexposure to the market increases the number of impulsive errors, encourages the overrun and ends up reducing the account, the mood and the motivation. The first thing I did was to analyze in which hours my best operations were produced. It turned out that more than 70% of successful trades were in the European opening and the first hour of the American session. Conclusion? The rest of the time was burning energy uselessly, trapped in operations without volume or in erratic movements. From there I decided to reduce my time in front of the screen to those specific time windows.
-
Re: Trading with fixed schedules or all day in front of the chart?
Since I limited my trading to 2 hours in the morning, my results have improved tremendously.
-
Re: Trading with fixed schedules or all day in front of the chart?
Don't you think by reducing the schedule you might be letting key moves pass in other sessions?
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for the contribution. Very good advice. I feel reflected with the "watch every tick" thing.
-
Re: Trading with fixed schedules or all day in front of the chart?
What if I work at that time? How do I adjust a fixed time to a normal working day?
-
Re: Trading with fixed schedules or all day in front of the chart?
It's just what I needed to read. I'm going to restructure my trading routine from tomorrow.
-
Re: Trading with fixed schedules or all day in front of the chart?
I used to think more time in front of the screen was better. Now I know it�s just the other way around.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for sharing it, very helpful. I am right on the point of wanting to structure myself better, and this has given me clarity.
-
Re: Trading with fixed schedules or all day in front of the chart?
And what if you operate cryptos, where the market never closes? Do you also apply a fixed schedule?
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for this comprehensive reflection. I realized that it operated out of anxiety and not strategy, and this opens my eyes.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for taking the time to write something so detailed. I have been on a negative streak for weeks and this gives me a new perspective.
-
Re: Trading with fixed schedules or all day in front of the chart?
But if opportunities are at all times, aren't you limiting yourself to fixed times?
-
Re: Trading with fixed schedules or all day in front of the chart?
Don't you think limiting yourself to three hours could make you lose operations that do meet your strategy at other times?
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you so much for the well-founded explanation. I find the mental health approach key and little commented on.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for this contribution. I am just building my routine and your recommendations serve as a solid foundation for me.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for the deep content. It is true that less can be more, I lived it when I took a week only operating London.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for writing it so clearly and bluntly. The detail about evaluating in consistent conditions seemed brilliant to me.
-
Re: Trading with fixed schedules or all day in front of the chart?
What if your best schedule doesn't match the opening of London or NY? Do you adapt your life to the market or the market to you?
-
Re: Trading with fixed schedules or all day in front of the chart?
Don't you think it's a little rigid about limiting by clock? The market is dynamic, and sometimes the best comes when you don't expect it.
-
Re: Trading with fixed schedules or all day in front of the chart?
What if I'm only free to operate on the Asian session? Do you think it's feasible to look for consistency on that schedule alone?
-
Re: Trading with fixed schedules or all day in front of the chart?
You've just shaped something I've been feeling but I didn't know how to structure.
-
Re: Trading with fixed schedules or all day in front of the chart?
I'm trying to stop operating by inertia and this approach seems a lot more professional to me.
-
Re: Trading with fixed schedules or all day in front of the chart?
I loved how you approached it from analysis and discipline. I�m applying schedules from now on.
-
Re: Trading with fixed schedules or all day in front of the chart?
Especially about mental energy, there's not enough talk about exhaustion in trading.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for the level of detail. It serves to compare me to my own record of operations.
-
Re: Trading with fixed schedules or all day in front of the chart?
Don't you think it depends on the style, too?
-
Re: Trading with fixed schedules or all day in front of the chart?
Your advice is good, but isn't it more important to learn to adapt to any scenario before limiting yourself?
-
Re: Trading with fixed schedules or all day in front of the chart?
What if the market doesn't give any signal in your slot? Do you wait the next day or expand your range?
-
Re: Trading with fixed schedules or all day in front of the chart?
I used to stress if I didn't get in one day, now I'd rather not operate if there's nothing clear.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you, you gave me the push I needed to start doing a trading journal and check my schedules.
-
Re: Trading with fixed schedules or all day in front of the chart?
The market rewards discipline more than presence. Great reminder.
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for sharing your experience. You motivated me to look for my own "efficient hour".
-
Re: Trading with fixed schedules or all day in front of the chart?
Thank you for the approach so human. Sometimes we forget that we are not robots, and burnout exists.
-
Re: Trading with fixed schedules or all day in front of the chart?
But limiting yourself to a time window can be comfortable, how do you keep the criterion sharp without practicing more?