Balancing full time work and 'part-time' trading (and also blogging) is never easy. Especially when comes to dealing with the Forex market, you are also expecting full-on, non-stop price actions around the clock 24/5.In fact, I could never manage all trading tasks by myself, and quite often, have to rely on my missus's assistance. Here's my daily trading routine at the moment:
Daily Trading Routine
- Scan for swing trading opportunities on H1 chart (2 x10 minutes)
- Monitor open positions (ongoing)
- Follow live economic news releases at 9.30 am and 1.30 pm (2 x 15 minutes)
- Watch live price action during lunch break/evening on M5 chart (more than 30 minutes)
- Review expert advisor trading results (15 minutes)
- Gauge market sentiment of the US dollar on daily trend chart (15 minutes)
- Demo aggressive style discretionary trading strategy (started recently)
- Read market news (when free)
- Write blog posts and research new trading ideas (when free)
My own running ea system has been very active so far and it does help me to predict better the market movement. Although the trading account is not progressing much, but its trade entries and end results are quite useful for identifying important price retracement levels and generating hidden 'secondary-level' signals for my discretionary trades. I wrote more about that here.
As for the discretionary trades, I am getting involved again in the last few days. I wish to sharpen my trading skills continuously and apply what I have learned so far in this new year. I also challenge myself by opening and handling multiple positions at one time.
Overall, this daily routine serves to instill purpose in trading and ensures that I'm moving towards my goals.
What's your daily trading routine?
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