My ultimate goal is to be day trading for a living. Some of you are aware that I am not a full-time trader, but I trade pretty regularly, and I do research almost daily whether or not I trade. I used to even engage in the social aspects of trading, like chat rooms, forums, and Stocktwits, but I stopped all of that social stuff to focus on things that would allow me to focus on that ultimate goal of day trading for a living.
Late last year, a series of occurrences in my life caused me to revaluate what I was doing and where I was going. It was at this point that I decided to prioritize my goal of day trading for a living above just about everything else. I then had to evaluate what I was doing to get there and eliminate those things that were merely taking up time, or even holding me back. It was at this point that I stopped writing here. Writing about day trading here wasn’t helping me get to that goal, really. I didn’t want to use it as some sort of online trading journal (I find it easier to keep that in old school pen & paper form for some reason), I was simply using it as a place to vent, screw around with charts, and try to show a couple day trading strategies I use. I wasn’t really gaining as much I was a putting into it, so if I planned to start day trading for a living any time soon, it had to go. Along those lines, I also withdrew from the trading social scene. Though I met a lot of cool people through places like Stocktwits and forums, it wasn’t really allowing me to focus on becoming a full-time trader.
When I start day trading for a living, I don’t want to be out of practice with the skills that’ll be required of me. This is why I still wake up early, screen stocks as if I were going to trade, and spend much of my morning watching the stock market, if not trading. And though the morning is my bread-and-butter time, I tend to continue to watch the market throughout the day. I’ll generally watch the stock market from open to close, including after-hours, and then I’ll analyze charts for a couple hours. I do this because I feel that while these activities don’t quite propel me towards my goal of being a full-time trader, they will be invaluable when I get there. In my next post I will talk about what I actually feel is required of someone who is day trading for a living.
Related posts:
- What Does It Take To Day Trade for A Living? Last time, I talked about my goal to day trade...
- Day Trading Schedule “You can become a millionaire by trading just two hours...
- Day Trading With Break Even Mentality You can’t win if you’re just trying to break even....
