This will allow you to find out what happened overnight in other time zones. Speaking of today, mornings are just perfect to get to the: A more positive attitude and level-headed approach to analyzing the market will help you to make more rational decisions about which stocks to short and which stocks to take long. Mornings are also great to:Īnd review which of your trades went right and which went, well, not so right. Did you know that research suggests that people with happier thoughts on their minds tend to work more creatively to find solutions to complex problems or situations? Now you do. You may just want to leave your research for the morning, before the markets open.Īnd here are our PROS of doing research before markets open:Īpart from the obvious health benefits, a good night’s sleep will help you look at the new day in a more positive light. That said, our next tick on the evening cons-list is:Īre you sure you want to ignore your loved one, or miss out on tucking the kids in or miss a family dinner or your best pal’s birthday party, because you had to check how’s the market been doing? Probably not. If you haven’t had the time to shake off a hectic day of shorting stocks, then indulge in eating out or playing with the kids ( or teaching your kids to trade stocks), rather than in over-analyzing the trading day. Research has also found a link between overwork and heart disease. Overwork has negative effects on you health and may cause sleep disorders or depressive symptoms. If you haven’t taken at least an hour off from all things trading during the day, overwork in analyzing entry points in the evening is liable to do you more harm than good. Going to bed in the wee hours (if you’re used to, say, an 11pm-bed-time) may not help you rise and shine early, the next morning, for your trader, or regular job. A friendly reminder, though: be careful not to lose track of time and put off your usual “turning in” time for the night. If you have a one hour time slot to do research, that’s perfectly okay. It’s easy to get lost in research.īecause - and here we are now looking at the other side of the evening-research-coin - if you think it’s already too late, just leave the research for the morning. But, you shouldn’t stay up too much past your usual bed time. But, here’s one red flag for you: you may be tempted to put in all of the work now, so you don’t have to bother with it tomorrow. You’ll be able to catch up on an after-market-closure company press releases that are bound to move the stock the next day. Distractions removed, you’ll be able to concentrate on analyzing some internet chatter or pump scheme that you might have missed during the hectic trading day. So, take advantage of it to make a list of which stocks you’ll check out and possibly trade the next day. In the evening hours, no one is bothering you with ‘check my homework/fix my bicycle/did you remember to get the milk.’ You should have at least an hour or so, before going to bed, all to yourself. You’ll also find evenings useful for research because they keep your: Once you’ve finished trading for the day, rested, watched the football game or caught up on the latest Game of Thrones death, sitting comfortably in your home and analyzing how your trading day went feels priceless, doesn’t it? That’s because you’re getting the bigger picture of what happened throughout the day, what moved the market, which penny-stock company went bankrupt and what went wrong (or just right) with your trading tactics. Off we go with the PROS of doing your research in the evenings: What’s more, when you’ve seen the pros and cons of the other side of the coin, you’ll also find adapting to that other approach – if needed – much easier. We’ll give you tips to help you find your own research routine, according to the time that you have, your personality and your best work-trade-life balance. Are you a ‘lark’ or an ‘owl’? Do you like your trading research done by noon? Or, do you prefer to burn the midnight oil, when there’s no one around to take you off of your very important research into trading opportunities and market trends?Įither way, we have compiled a pros-and-cons list of doing your off-market research in the evenings or before the markets open.
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