subject: Options Trading and Time Management [print this page] Options Trading and Time Management Options Trading and Time Management
Do you ever find there is not enough hours in the day? Do you find there is so much to learn about investing that you feel overwhelmed? I have a strategy to help. This is something that will be very useful for people starting out in investing who feel they are just overloaded with information. The theory goes, that you should only concentrate on learning things that will make a difference to you now, things that you can put into action now.
When I first started investing and options trading, I was so excited by everything like all the different strategies you could trade. I bought heaps book off Amazon on every topic available to do with the stock market, options trading or investing. You name it, and I probably have it! There is just so much information out there it really does take years for beginners to learn most of it.
If you're starting out and finding it hard to find the time to learn everything, just try to focus on those things that will make a difference to your trading today. One thing I did when I was starting out was sign up for all these different newsletter, email services, and various trading tutorials. But pretty soon I was suffering from information overload and was getting disheartened. I kept thinking to myself "There's just so much to learn and I don't have the time".
If you find yourself in this situation, try the time management technique of simply focusing on the things that will make a difference to you right now. Any time an email arrives in your inbox, think to yourself, does this apply to me today? Will this help improve my trading today? If it does, great, go through it in detail, but if not simply file it away to read in the future. If your trading plan is to trade covered calls, learn everything you can about this strategy before moving on. Sure, information about stochastics, moving average convergence divergence, volatility trading, delta neutral trading, iron condors etc. might be interesting, but if it's not going to make a big difference to your trading today, file it away to read later when you have more time and when it will actually make a difference to your trading.
I hope you found this useful, I've been applying this to my options trading and also other walks of life over the last few weeks and I've found it has made a huge difference to my productivity levels.
