Adrian ReidFounder of Enlightened Stock Trading

How To Plan Your Daily Trading Routine And In Your Trading Plan Fit Your Lifestyle

18 Jan 2022 · 1 min

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Adrian Reid advises traders to anticipate life events that could disrupt daily trading and to design flexible routines and pre-made decisions to accommodate them. He recommends scenario-planning (e.g., doing stock analysis in the evening or morning, downloading data earlier, placing orders at a consistent time), shares personal habits (analyzing on the bus, placing trades at the desk, sometimes doing analysis and order placement at night), and flags that crypto may be less flexible. The segment emphasizes finding a routine that fits one’s lifestyle and planning ahead for foreseeable disruptions.

What I would do is sit down and think, okay, well, what is life going to throw at me over the next couple of years? Might cause me issues with my daily trading process.
What plans could I put in place or what decisions could I make in advance to address that so they're not a problem? Remember, you've got a little bit of flexibility. You've got a bit. Apart from crypto, which I'll talk about in a second. With stocks, you can do your stock work in the evening or in the morning.
You can download your data and do your analysis separately. You know, I. I downloaded my data and ended my analysis on the bus and then placed my trades when I first sat down on my desk at the office. For a long time.
I also did my analysis at night and place the orders at night. And then at other times, I did it in the morning and place my orders in the morning. Find a routine that will allow you to navigate the different things that will come up. Okay, so I don't know what your life is like, but you could imagine what it is like. So between the two of you, think about, okay, what about this scenario? What about that scenario? What about that? Like, how are we going to run it? And that scenario planning will really help.
Sam.