When I started my trading career in the early seventies, I worked under a guy named Gary, who was somewhat of a mentor to me.
Gary was an interesting guy and his trading style was just as interesting. Every time he made a trade, he would flip a large egg timer over and the sand would start running. The first time I saw him do this I asked myself, "what is he doing?"
Now you have to remember, I was new to trading back then and had never seen someone with Gary's unique approach and trading style. For all that I knew, having an egg timer on your desk and flipping it over every time you made a trade was a normal part of trading.
The idea is not as crazy as you may think.
Have you figured out why Gary was using an egg timer?
Continue reading "How An Egg Timer Could Improve Your Trading"