Last Updated on 17 February, 2024 by Abrahamtolle
How much time do I need to allocate to trading? This is a question we frequently receive in our inbox. There is no one-size-fits-all, but we’ll try to explain:
How much time do I need to allocate to trading?
You should allocate as much time as possible to trading if you are serious. Trading is not a walk in the park, and it requires work. The more you spend learning, the better. You are never an “expert” in trading; there is ALWAYS something to learn and improve upon.
Just as important is that you are systematic. How else can you find out what you do right or wrong? The best learning tool you have is to record and track everything you do – from live trading to backtesting.
The time allocated to trading depends on a few factors, like your trading style, experience, goals, and aims. For example, day trading requires a lot more time and effort than long-term position trading, and if you’re a beginner, you should spend more time learning than if you have been trading for a few years.
We are curious, and we wanted to find out how much time traders spend on their hobby or profession. We made a reader poll:
How much time do I need to allocate to trading? Reader poll
We have thousands of followers on Twitter. We asked our readers the following question:
How much time do you allocate to trading? The response looks like this:
Surprisingly, as many as 39% of our readers claim they are full-time traders. We had expected many more “hobby” traders than 43%.
If you find this poll interesting, please have a look at all the trading and traders statistics and facts we have collected.