So you’re a day trader. Ok, you have the computer, a few monitors, and a brokerage account with a few bucks that is going to make you many more bucks. Throw in a charting program, a few books worth of knowledge and the passion for trading and your set. Now what? Good question!

As a new or even a struggling trader with all of the above in hand, what is your job description? When you come to work each day at the screen what is your job? How are you planning on doing your job? Can you describe to me in simple terms what you are trying to accomplish? If these questions give you pause, it may be best for you to prepare yourself for some rough sailing. In my experience rough sailing in the trading business usually involves losing money! Wait… now hold on a minute, that’s not the job you signed up for. This all too common scenario occurs with a percentage of probability that equals “all in” in your friendly poker game or “get bigger” in the trading world. Among remote traders this is way too common. Office traders most likely have some sort of support system to help them or at the least point them in the right direction. To those of us who go it alone from home where do you start? You should be starting with a job description that you can visualize and understand. Yes, I said visualize and simply understand. If you can’t really tell me what your job is as a day trader in a KISS (keep it simple stupid) kind of way you most likely will struggle. Struggling is no fun for any trader..  been there done that. So tomorrow I will give you a KISS version of my job description as a professional day trader. It’s not rocket science but I employ it every day! Until tomorrow I would love to hear some thoughts of yours as to a day trader job description.

 

Jeff Davis   @Shaq48_Trading      [email protected]   Trading Coach/Mentor

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