10 minutes a day

[RTG]

Hello, I have been trading for a few years on and off now and have settled (for the time being) on the '10 minutes a day' trading approach. I work full time and prefer to spend minimal time trading.

Objectives
To serve as a public record of my trading.

Markets and Instruments
US stocks on the NASDAQ, NYSE and some other american exchanges. I choose these markets because of their liquidity and low commissions.

Style
I use short term swing and breakout patterns. Sometimes reversals.

Timeframes
Daily charts provide the basis for setups.

Testing
I have been trading this way for almost one year. Here is a screen cap of equity and statistics.

 

[RTG]

A few positions opened and closed this week:

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[meanreversion]

Excuse my ignorance, but how come your equity curve starts at zero? Or is it simply P/L? In which case, what pct risk compared to equity are you taking, i.e. what's your exposure?

 

[RTG]

Yeah sorry you're right. It is P and L not equity. Risk is currently 0.5% of equity.

 

[RTG]

Trades this week
Closed trades in bold.

 

[kwickwool]

why just 10 minutes a day? seriously? There are lots of part time traders but 10 mins a day lol

 

[RTG]

 

[tomorton]

Hi RTG - I admire your very limited time objective for this game. Too many traders struggling for success look at their other experiences in life - the best engineers, doctors, scientists, lawyers etc. all know more about their subject than their juniors. But this relationship is not linear in trading, profits do not increase by 100% as daily study time is increased by 100%. If you're profitable at 10 minutes a day, don't take it to to 20.

 

[RTG]

Definetly agree with those statements. Profitability and Time are not linked.

To tell the truth, I probably spend more than 10 minutes a day, but in theory it shouldnt take that long to amend orders.