8d • General discussion
Day in a life of an "investor"
Here's what I do on a day to day basis to get the best performance possible for myself as an investor
1. I have mechanical rules on investing (which basically automates 90% of the work)
2. I reduce my screentime for the market to Monday (5 minutes), Thursday (5 minutes), Friday (1 hour). This allows me to step away from the chart and focus on other
3. I go for walks
4. I pick a nice place for lunch
5. I keep myself healthy and my mind sharp to make the best decision each week
6. I pick up kids from school and play with them
You might notice - I actually don't trade that often. I only make decisions at the end of the week.
Since then, my profitability skyrocketed.
Here's why:
1. I stopped myself from overtrading. Sometimes my prediction on the market is right but if I overtrade - I lose money
2. I stopped myself from overthinking. Once the rules are laid out, it is just a matter of following it and not doubting it. The clarity stops me from losing money
3. I stopped myself from not following the system. The key to executing the trades correctly is not about motivation or discipline. Those things failed me. It is about having proper controls in place to stop me from making a mistake. I placed checks and balances each step such that I am following my system to the T.
As a result, I made +19% in the last 6 weeks following my system, and my system said I should make +19% as well. The difference is 0.004% in variability.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
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Day in a life of an "investor"
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