My trading profits increased when I decreased the amount of time I spent trading and I have heard the same for others.

Something to consider

TIME MANAGEMENT ⌚

Balancing trading with a full-time job, writing a newsletter, writing a book, hosting Spaces, livestreaming trade ideas and chart reviews, and spending time with a family of four is a major undertaking.

At least whenever I mention that I am doing all of this, that is what I’m told.

I managed to quadruple my output over the past year without really noticing it, and my trading has improved

The crazy part is, I now spend more time with family and less time on trading.

This has been a complete win-win for me, and I think it all can be traced back to one decision.

I started looking for ways to optimize my time.

For example, I started with an idea of getting up really early and doing a lot of prep work during the premarket hours

The intent was to not only get a lot of writing done early in the day but also to have my trading preparation fresh in my mind.

Sounds great right?

It turns out that I don’t do my best writing in the morning. I honestly don’t do much of anything very well in the morning.

If you’re a morning person, I envy you.

That means I also was doing a bad job of trading prep. And my trading results were reflecting it.

I also was getting really tired in the evenings.

Waking up an hour earlier was making the last 2-3 hours of my day far less efficient.

Ultimately, I decided the best schedule for me was one that put my lowest priorities at the start of the day and my highest towards the end.

Now I knock out all of the things I do not enjoy during the part of the day I already enjoy the least.

I get a ton of mental relief from getting ahead as much as possible on the work I have for the day, which then allows me to switch over to my trading with full focus.

Take time to set up a schedule that works for you and your personality

Consider things like whether you are a morning person or night person, when during the day you have the most flexibility, and what your priorities are.