Trading Schedule

I keep thinking about how trading is like a "race" or a "sports competition". With that thought in mind, I came across Beat Your Personal Best looking for something to give me that edge.

Right now as I've mentioned a few times on the blog, I'm not too happy with my trading. Unlike what a few folks have mentioned though, changing my "setup", "hours", "market", etc. isn't likely to fix my problem. Just as changing your running shoes, the track, or the time of day you run won't help you beat your personal best.

Let's start with Personal Best. My personal best is $1,000 per contract per month (or about 10%). My goal is to beat that personal best and make $2,000 per contract per month (or about 20%). Oh yes, and all within a 2.5 hour period per day max (which is how I set my original personal best).

I started off this week thinking I was going to make $500 per contract. Reviewing todays trades which I got into too heavy, too early, I need to revise this and work my way up to this figure with a training routine.

My training routine is as follows:

Week 1
Mon - Trade 2.5 hours
- Simulator at 1X speed for 1 hour
Tues - Trade 2.5 hours
Wed - Trade 2.5 hours
- Review mechanics 1 hour
Thur - Trade 2.5 hours
Fri - Trade 2.5 hours
- Simulator 5X speed for 1 hour
Weekly target: $300

Week 2
Mon - Trade 2.5 hours
Tues - Trade 2.5 hours
- Simulator at 5X speed for 2 hour
Wed - Trade 2.5 hours
Thur - Trade 2.5 hours
- Review identifying market "emotions" 2 hours
Fri - Trade 2.5 hours
- Simulator 10X speed for 1 hour
Weekly target: $350

Week 3
Mon - Trade 2.5 hours
- Simulator at 3X speed for 1 hour
Tues - Trade 2.5 hours
Wed - Trade 2.5 hours
- Review tactics 1 hour
Thur - Trade 2.5 hours
Fri - Trade 2.5 hours
- Simulator 5X speed for 1 hour
Weekly target: $375

Week 4
Mon - Trade 2.5 hours
Tues - Trade 2.5 hours
- Simulator at 5X speed for 1 hour
Wed - Trade 2.5 hours
Thur - Trade 2.5 hours
- Review mental focus and "centering" exercises
Fri - Trade 2.5 hours
Weekly target: $425

From Week 5 onward the "race" is on!

LT