I'm still in my dressing gown - and the market makers have gone to lunch!
Must get myself organised!
I do have a dress code … well, a very casual one!
When I became a full-time trader I decided, like anyone who goes out to work, that I would present myself at the computer each morning ready for work- that is, I would be up, showered and dressed by the time the market opens.
Today, I didn't quite get it together.
The point is, when I had my business and perhaps I'd come home late the previous night, I'd find myself the next morning sitting at the computer, straight out of bed in my dressing gown.
I truly found my attitude and decision-making weren't up to scratch - I hadn't set myself up in business mode. I was more interested in having a cup of tea and phoning a friend, while I glanced at the charts.
So, I know it's hard with babies and children around (you can get to the afternoon and realise you haven't had time for a shower you've been so busy - let alone to be dressed). However, if you're anything like me - when you start the day's work you're in a much better mind-set if you are dressed for the day. You are ready to make a commitment to the task. I know you mostly won't trade at this time of day, but it's good to see if there are any strong movements at the beginning of the day and keep an eye on the charts.
By being dressed and prepared for work at the same time each day - you've already set yourself up to be in the best frame of mind to make excellent decisions … and reaps the rewards!
The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and has not worked for us personally. If you wish to trade or invest in the stock market, you should obtain advice from a registered licensed advisor.
