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9 May

Time we spend on trading

Let take a look at the relationship between time and money, especially in the context of trading. While it is commonly understood that time is money in many professions, trading, particularly day trading, operates differently. 

In professions like being a doctor, lawyer, or cashier, your income is often directly tied to the hours you work. The more hours you put in, the more money you can expect to earn. However, trading is a unique endeavor where the amount of time spent does not necessarily equate to more money earned. 

In fact, it can be argued that spending excessive time in trading may actually lead to diminishing returns. This is especially true in day trading, where traders envision spending hours in front of multiple screens, executing numerous trades, and expecting significant profits at the end of each trading session. 

The reality, however, is that this scenario rarely materializes for most day traders due to the high costs associated with frequent trading and the limited profit potential within intraday moves. As a result, many traders eventually realize that the common understanding of time and money in their professional lives does not directly translate to the trading world. 

Some traders may become disillusioned, blaming the markets or labeling trading as rigged or a scam. On the other hand, there are fortunate traders who learn from their experiences and make smarter choices. They tend to shift towards trading on higher time frames, capturing larger swings in the market. 

Ultimately, most traders come to the realization that in trading, the amount of time spent does not directly correlate with the amount of money made. This notion is supported by successful traders who often spend just an hour or two a day on their trading-related activities.

 It's important to acknowledge this unique aspect of trading and understand that success in trading does not solely depend on the number of hours you put in. It requires a combination of skill, strategy, and the ability to identify high-probability opportunities in the market. 

So, while the saying "time is money" holds true in many aspects of life, it is essential to embrace the intricacies of trading and adapt your approach accordingly.

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