Ask Colin

What is the minimum one needs to spend on end-of-day trading?

How much time is the minimum one needs to spend on trading, for end of day traders?

How long is a piece of string? You are asking the wrong question if you want to succeed at trading. You do not succeed by doing the minimum, but by doing what it takes. In the early years it should consume your life like studying for any other profession. You will do your day job and then study many hours at nights and weekends. You should read voraciously and attend as many seminars as you can.

When you have completed your studies and developed your plan and tested it, you will find it is all consuming as you start to trade. Later, if you are good at it, you may get it down to 2 to 4 hours a day, plus continuing studies. You never stop learning in this game, just like other professions.

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