as a prop trader People often ask me what is what a typical day. This will be slightly different for everyone, but that is my day in the life of a trader.
06:50 at the desk on arrival. I want to have e-mails from various intelligence services obtained overnight on news from the Asian session to break and summaries of yesterdays trading, reading in depth is not really necessary to see only one scan headlines, if there is something great because most days isn t but it is good to be aware of.
07:00 The European futures markets open, the first 10 minutes are one of the busiest sessions of the day can, sometimes all day be made or lost in the 10 minutes. You should never take a session of the day can be, so I give me a lot that I can lose the case in this session the worst happens.
8.00 The cash equity markets open and the futures markets react and can be volatile, volatility usually means opportunity.
08:30 After a busy and stressful hours, where you can make a lot of money on a long day, it's time to take some time. It is important, from markets to move away to the times of the day when the market is either steady or not have the edge. It keeps you fresh and keeps you boredom trades Here are generally now in the gym to see a movie at my desk, even a nap. It's strange, the office at this time leave feeling like you already seen a day's work and ordinary people have done only their way to the office.
10:00 Back in the office, this is my time "normal job stuff" to do. Catching up on emails, go to meetings (on the odd occasion I have to go to a). I'll keep an eye on the bond markets hold as auction results often at this time will be announced.
12:00 Lunch, it's amazing how early you get hungry, if the day that an early start.
13.00 14:30 This is the time, the participants enter US launch in the market and things can get very busy. 13:30 some of the biggest economic data coming and then begin to act over the next hour or so all US commodity markets, its floor sessions as well as the New York Stock Exchange (NYSE) starts to open.
close16:00 to 16:30 The European bond and equity cash sessions. Again, one of the highest volume times of the day with plenty of opportunity.
17.30 When the market was very quiet and I do not feel in shape, I'm going to go home to. But if markets are good, and I'm a decent amount of the day I will stop trading on. go
19.00 If I to the trade, I will now take a break, usually to walk into town, meet some friends , the gym if I did not earlier in the morning.
20:00 to 21:00 If I'm ever in the office yet I will act include US equities, which is at 21:00.
Hope this gives you an honest look at what you must be a commitment, a full-time trader. Yes, there are moments that are glamorous and exciting, but it is not an easy life, it's long hours and hard work. As one of my first bosses said to me: "Trade is one of the few places in the world you can work for 12 hours and go home poorer than when you arrived" and it's true. But it is also one of the few jobs where you can change your life in one day. You have to be ready at your desk to be in it to win it, and you have all day to dedicate it a chance to stand.
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