Not only is unnecessary to sit in front of you computer all day (if you decide to day trade) slaving over your charts, it is neither productive nor profitable to do so. If you do that, more than likely you will fall into the trap of overtrading, which is one of the largest reasons for failure. Human nature and our cultural upbringing causes us to feel compelled to DO SOMETHING, to do anything at all rather than sit still. We often equate busyness with productivity. Trading is a lot more like fishing than it is to working on an assembly line. In other words, in trading, you get rewarded more for placing the right trades at the right time rather than placing the most trades. Sometimes this requires a trader to sit still and do nothing for extended periods of time, which is very difficult for an unskilled, undisciplined person to do. That’s why we here at Trading Concepts place such a heavy emphasis on a disciplined and systematic approach to trading the markets.
At Trading Concepts we teach you the very best times of the day to trade – and the best trading strategies to use at those very critical times of the day. Remember, not all hours of the trading day are created equal. We teach specific times during the trading day where the market is most predictable and has the highest probability of being successful. Knowing what these crucial times of the day are, and more importantly, how to trade them, is what separates the winners from the losers. Therefore, it really is POSSIBLE to trade less than three hours a day to earn a full time income!