A lot of emphasis is placed on how to trade. What the best indicators are, what the best R/R is. However, I don't see a lot of focus on WHEN you should trade. I don't specifically mean when to get in and when to get out. I mean what HOUR of the day should you trade? There are few factors to this:
- When is the time that you are most alert and can focus on the markets?
- What HOUR of the day do you tend to see your set-ups form?
Most new traders have no idea about these concepts and literally try to trade 24/7. This often leads to burnout and worse - account blow out.
It behooves you to use an integrated journal for your trade and see what time of day you are most profitable and you should try to stick to those times.
- When is the time that you are most alert and can focus on the markets?
- What HOUR of the day do you tend to see your set-ups form?
Most new traders have no idea about these concepts and literally try to trade 24/7. This often leads to burnout and worse - account blow out.
It behooves you to use an integrated journal for your trade and see what time of day you are most profitable and you should try to stick to those times.