Bobby Kotick- Trading Day Recap
How To Deal With Trading Day: A Bobby Kotick Success Strategy.
The trading day is one of the most anticipated and difficult days for many traders. The trading day is when the market takes a breather from its daily volatility to reflect on its performance. This is supposed to be a trade-off for the traders who are waiting out the market’s winter doldrums, but if you’re not prepared for the trading day, it will be a stressful time.
What Is Trading Day?
The trading day is when the market takes a breather from its daily volatility and reflects its performance. It’s the most anticipated and difficult day for many traders because traders want to know how the market will react to their trades
Preparation for Trading Day
It’s essential to prepare for trading day on the weekend or when you have time. You’ll be able to see both winners and losers, which will give you a sense of where to place your bets. If you’re not sure how to do this, then ask your friends in the industry for advice. This will help you narrow down what you should be focusing on for the upcoming trade day.
Plan for some downtime during the trading day instead of constantly refreshing your screen. It’s going to be extremely difficult if all you do is try and trade every second of the day and try to keep up with everything while other traders are making moves on the market. Use that downtime by getting some work done, taking a walk outside, or even reading a book.
Tips on Trading Day.
- Take a break from trading. The trading day is one of the most stressful days of the year for many traders. It’s tempting to try and squeeze all your trades in before the market goes on holiday, but that can backfire if you’re too aggressive or you end up losing money instead of making it. When the trading day rolls around, the best thing to do is take a step back and relax. Enjoy some time with friends or family, watch a good movie, or perhaps take a vacation to shake out all the stress from trading.
- Have a game plan of what you want to do with your portfolio during this time. The trading day is a great time to reassess your goals and figure out what you should be doing with your portfolio while other traders are resting up for next week’s action. If you’re struggling with any particular stocks right now, it might be best to cut ties and move on; you don’t want them dragging down your gains next week when they start pricing in their newfound ubiquity.
Trading Day can be a stressful time. There are many moving parts to consider, and there’s also the pressure of executing a trade. But, it doesn’t have to be so difficult.