my trading day ~ tuesday 6th april 2010
Good morning to you all.
My trading day started with a vigorous cycle ride at 6am and I was installed at my desk by just before 8am. As I am sitting down for a lot of the morning during a normal ‘work’ day, I think it is important to have a daily exercise regime – whether it is cycling, golf, swimming or a game of badminton (these are my favourites) you cannot ignore the impact your physical health has on the efficiency of your brain. I often find if I miss out on my early morning cycle, I feel a lot less ‘fast’ in the brain department, and it takes a bit longer to gather my thought the forthcoming trading session. And I enjoy the power shower & sauna after exercise as well !
Anyway – back to work. I was at my desk 10 minutes before 8am and the first signal came along a few minutes after I had completed my usual morning pre-trading prep (EUR/USD) and although the actual trade target was slightly short of my daily target of +25 pips, the price action showed no real signs of reversing, so I stayed in a little longer, and came out with the required amount of pips, so I could finish my day with this initial trade. With the one of the indicators I use ( I have just two in my “Any-Time” system) I will get prior warning of a major reversal, so I can sometimes stay in a bit longer for a few extra pips.
I spent the rest of the day on the golf course, and returned back at tea-time to have a go at accumulating a few more pips with my ‘Trade With A day Job’ system to add to my the 25 already earned. Just before 6pm, the signal came up (there is two occurences that have to happen simultaneously for a trade) and after just over an hour I had another 20 pips added to my trading account. The time it takes to reach my evening target differs each day, it really depends the way the index is behaving, sometimes we have quick movements in the price, sometimes it’s a bit slower. The main thing is it is reliable day in day out.
So, the total earnings for my very short working day came out at +45 pips.