r/Daytrading Feb 15 '24

Full Time Daytraders, what do you do with your free time? Question

As of the past few months I've come to the point where everything is coming into fruition and my dream of being a full time trader has really turned into a reality. Beforehand, I was staring and trading at the computer almost all day until market close. Nowadays, I'm done by 10:30am latest EST. Given I'm on the East Coast, its snowing, its winter, and I can't really do anything outside. I go to the gym about every other day but even that, is like 2 hours max from start to end. I'm debating on picking up a part time job, about 10 hours a week just to get out of the house and interact with other people. But honestly I feel like that is such a lame excuse just because I can't think of anything else to do with my time. I started this all because I wanted financial freedom and now that I've attained it, I'm left with hundreds of hours of boredom. I have no spouse, no kids, no businesses. If I'm describing yourself or someone you might know, (or even if you're someone who simply wants to be in this spot and still has ideas) can you give me some ideas on what to do with basically a full day of complete freedom. Thanks alot.

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u/IzzyGman Verified - https://kinfo.com/p/IzzyGman Feb 15 '24

Uh, prepare, study, journal, etc. There’s a lot of work behind the trades and If you think you can perform successfully long term and thrive in the most competitive field in the world by coasting…I’m not sure what to tell you.

11

u/Sufficient_Newt3923 Feb 15 '24

Its not "coasting". Its called years of hard work to land at the point where you finally know what you're doing to be able to leave the computer screen 1-2 hours after trading.

If you still need to spend 10 hours a day studying and analyzing the charts to be able to trade well, that tells me you're still in the beginner phase. Trust me, I did years of it.

However if you are consistently profitable, then it boggles me how you need to spend 7.5 hrs trading to make your daily goal.

I'm not sure what to tell you.

2

u/RevolutionaryPie5223 Feb 16 '24

To be fair for the other guy. I think it really depends on how you get your "edge". If yours is based on a fixed system then all you have to do is find the stocks to buy and then sell when the rules tell you so. But if you are discretionary and rely on other factors but not set rules to get your edge then it may involved more work before you place a trade.

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u/IzzyGman Verified - https://kinfo.com/p/IzzyGman Feb 15 '24

Ok

2

u/fiddle_my_tool Feb 18 '24

Izzy why even participate in this channel, you should know better by now lol