The Traders Journal

A Day in the Life of a Stock Market Trader 1:00 - 2:30 PM (NYC Time)

by Gatis Roze

Some battles you stay and fight.  Others you best walk away from.  This is the part of my day when I decide which is most appropriate.  I love a steroidal stock chart as much as the next guy, but one can’t minimize the importance of context and the total market picture.  By the time it’s 1:00 PM in New York (10:00 AM here in Seattle), I have a pretty accurate sense of the day’s market pulse.  I keep my trading journal open and available to jot down the things I see, the key relationships and money flows.  I’m essentially a juggler Read More 

The Traders Journal

A Day in the Life of a Stock Market Trader: The Midday Pause

by Gatis Roze

Inevitably, there comes a time during the trading day or the trading week that I ask myself, “why am I doing this?”  If you’ve already given this critical query serious thought before you encounter the questioning pit, any momentary uneasiness simply creates a brief pause that’s but a small speed bump during your trading day.  But on the other hand, if you have never really considered this question before, then that pause can turn into uncertainty, and in worst case scenarios, the speed bump may well become an over the cliff dead end.  I recently watched Read More 

The Traders Journal

A Day in the Life of a Stock Market Trader: Part III 11:30 AM - 1:00 PM (NYC Time)

by Gatis Roze

I actually wear my office during the trading hours.  “All work is social,” claims Larry Prusak, director of IBM’s research labs, and that is how I see my work as a stock market trader.  My downtown office offers face time with the markets in a manner that working at home does not.  Literally, the first thing I do when I arrive – even before I flip on the computer screens – is to put on my trading vest, stand in front of the mirror and ask myself, “are you up to the challenge today?”  Frankly, there are days that a brutally honest response is “no”.  On those days, I Read More 

The Traders Journal

A Day in the Life of a Stock Market Trader - Redux

by Gatis Roze

Some people meticulously prepare and perfectly execute a mountain ascent, catching the significance of both the experience and the view from the top.  Others just catch a cold.  Last week’s blog produced a record number of comments which made it clear to me that I should amplify and elaborate more on “the experience” I hoped all readers gleaned.  I’d like to suggest that you re-read that blog before you delve into this one. As I said last week, the best traders make it look easy.  Somehow, they manage to squeeze 28 hours out of any normal day.  Read More