Online Stock Market Trading Tip
ESTABLISHING PRIORITIES: IF YOU ARE GETTING INTERRUPTED DURING THE FIRST TWO HOURS OF THE ONLINE STOCK MARKET TRADING DAY, IT IS YOUR FAULT.
Online stock market trading: The bottom line is that a online stock market trader needs focus and concentration in order to be successful in this online stock market trading business. The most critical hours in the online stock market trading are generally the first two hours of the online stock market trading day. This is where most of the setups occur. It is up to the online stock market trader to communicate to colleagues, or, if they are trading from home, to their spouse and children, that they cannot be disturbed. When I am online stock market trading, I am not checking email, I am not answering the phone and I am not accepting uninvited visitors. If my wife wants to be dropped off at the gym before the trading day starts, she knows the deadline. If she let's me know after the deadline, my answer is always the same. "Honey, you know I love you. The trade is on." Click. (I usually remember flowers on those days).
It can be hard to communicate things like this directly. I've found it is helpful to have written out a fully developed online stock market trading plan, and then share it with the people in your life. Once they understand that this is important to you, and that you are serious, they will generally respect any boundaries that are clearly outlined in what they are reading. In terms of communicating with people throughout the day, for anyone who doesn't utilize Instant Messaging software, this is an incredibly efficient way to stay in touch. People can call at the exact wrong moments during a trade. With Instant Messaging, a person can type in a question and the trader can get back to them at their leisure. Instant Messaging was built for online stock market traders. This is free software and I utilize the three most popular programs: MSN, Yahoo, and AOL. I also utilize a software program called Trillian (www.ceruleanstudios.com) that ties all 3 of these together into one application. The key with Instant Messaging software, however, is to block everybody except for people a trader has specifically permissioned to their list. If everyone knows you are online, then everyone will bug you. Instant Messaging for a online stock market trader is appropriate between their brokers and other traders. It is inappropriate for anyone else who could interrupt a online stock market trader's work day, and this includes family members and clients. There are very few people who are on my list, but they are all important to my online stock market trading day.
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