It just started, yet this year is flying by. February's last trading day and last weekend of February is here. I can't remember the last time I felt I had too much time on my hands.
I know time is a perception to an extent, yet it is also a way to measure our reality; When we watch the ticker go by, no matter which time frame, we are literally watching time pass. When we are involved doing other things we enjoy, we don't notice it as readily until we are done with the activity. Perhaps it's because I'm having too much fun, or maybe I'm just too immersed in what I do, that I am always wishing for more time to immerse, learn and experience more.
Time is just as important to trading as timing is. How long are you willing to hold a trade is determined by the size of your holding because it relates to the size of your account. Your investment needs to pay off quickly when you use a lot of your capital in a single trade, because you may not be able to enter another trade until you have completed the first one. However if you plan it well, you can give each trade its due time.
When planning the day, pick stocks that fit your capital; so if you pick 5 stocks to trade for the day, know how many shares you can allot for each, so you can enter trades as the opportunities come rather than sit it out in frustration because another stock hasn't reached the goal you seek. This method will make your day much more flexible and more interesting. It increases the opportunity of profit by increasing the time you have for the trade. But, it will not save you time as there is no such thing anyway.
Saving time is like saving money at a store sale: you're spending both regardless of the terminology. It's just a question as how wisely and how much.
Happy Trading, Living and Dancing
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