I want to tell you a secret about day trading. You’re not going to like it though.

Lots of professional day traders don’t want you to know this. I guess they’re either embarrassed, or they want you to buy their expensive trading courses, and letting this out of the bag isn’t going to help. But screw it, you deserve to know the truth:

Day trading is really boring. I mean, it’s very tedious indeed. Really, quite dull, very uninteresting.

There. I said it. Told you that you wouldn’t like it!

But it’s true. For some reason day trading has quite a glamorous image. All shouting into multiple telephones, fast cars, and champagne. Well ok, the fast cars and champagne bit can be true if that’s what floats your boat. But the actual activity of trading itself is really dull. If you find it exciting, you’re most likely not doing it right.

Of course the flip side to this is that if you’re successful, you only need endure sitting in front of a screen for a relatively short period of time. I don’t trade more than about 2 hours a day.

So for example, if you can get by on $4000 – $5000 a month, then you could trade just once a week for 2 hours, and have the rest of the week off.

Or you could trade 2 hours a day for a week and take the rest of the month off. Or perhaps trade a couple of hours a day for a month, then take the summer off. That one is my preferred method – I’ll trade a bit more often over the next few weeks, then I can relax and not work for the summer.

Anyway, enough of the depressing talk. I’ve recorded another video today:

It’s quite boring – a couple of hours profitable predictable trading compressed into about 5 minutes!