Live: Tuesday, Aug. 1, 2017

8/15 – 5:20 p.m. New York time

The ADM exit order, placed at my target of 25% of maximum potential profit, wasn’t filled.

8/1 – 9:55 a.m. New York time

I have entered a position on AAPL but after analysis declined to open a position on TSLA. I have placed an exit order at my target on ADM that has yet to be filled. I shall report on the outcome of that order after the closing bell.

7/31 – 10:10 p.m. New York time

I fly from Japan back to the United States on Thursday. To accommodate my inability to trade on the trans-Pacific leg of the trip, I shall on Tuesday complete my analyses and entry into new positions for the remainder of the week. Wednesday and Friday will be for exits only. I don’t anticipate being logged into the markets on Thursday, although I may, as appropriate, set up exits in advance of the market open.

The new positions on my agenda for analysis on Tuesday are TSLA and AAPL.

Trading in a market that opens at 10:30 p.m. local time during my stay in Japan and closes at 5 a.m., while maintaining a semblance of living a normal daytime life, has taught me some lessons that I think will carry over well to my stateside praxis.

The overnight market schedule has required me to compress all of my trades into the first half hour or so of the trading day and to defer record keeping until after the market close. This has freed six hours for other activities: Sleeping, while here in Japan.

Is it risky to not monitor the markets while they’re open? I have found that not to be the case.

If I carry my practices while in East Asia over to after my return to North America, I shall have developed a large degree of efficiency: Half an hour of trading in the morning, 30 minutes to an hour of record keeping and prep in the evening, and six hours or so of time to engage in other projects. How can that be anything but good?

The same lessons can be applied to the lives of traders who have day jobs and thus are unable to monitor the markets closely during the day. Working at something other than trading need be no bar to engaging in the active speculation that lies at the core of my strategy.

By Tim Bovee, Fukuoka, Japan, July 31-Aug 1, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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