{"id":29652,"date":"2014-10-09T13:00:08","date_gmt":"2014-10-09T17:00:08","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=29652"},"modified":"2014-10-09T12:23:19","modified_gmt":"2014-10-09T16:23:19","slug":"how-an-egg-timer-could-improve-your-trading","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/","title":{"rendered":"How An Egg Timer Could Improve Your Trading"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"\/img\/sites\/ino\/email\/5983.jpg\" alt=\"\" width=\"240\" height=\"285\" \/>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.<\/p>\n<p>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?\"<\/p>\n<p>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.<\/p>\n<p>The idea is not as crazy as you may think.<\/p>\n<p>Have you figured out why Gary was using an egg timer?<\/p>\n<div id=\"polls-193\" class=\"wp-polls\">\n\t<form id=\"polls_form_193\" class=\"wp-polls-form\" action=\"\/blog\/index.php\" method=\"post\">\n\t\t<p style=\"display: none;\"><input type=\"hidden\" id=\"poll_193_nonce\" name=\"wp-polls-nonce\" value=\"2f112ae3cd\" \/><\/p>\n\t\t<p style=\"display: none;\"><input type=\"hidden\" name=\"poll_id\" value=\"193\" \/><\/p>\n\t\t<p style=\"text-align: center;\"><strong>Was it because ...<\/strong><\/p><div id=\"polls-193-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li><input type=\"radio\" id=\"poll-answer-635\" name=\"poll_193\" value=\"635\" \/> <label for=\"poll-answer-635\">He liked playing with egg timers<\/label><\/li>\n\t\t<li><input type=\"radio\" id=\"poll-answer-636\" name=\"poll_193\" value=\"636\" \/> <label for=\"poll-answer-636\">He liked to time his poached eggs<\/label><\/li>\n\t\t<li><input type=\"radio\" id=\"poll-answer-637\" name=\"poll_193\" value=\"637\" \/> <label for=\"poll-answer-637\">He used it for money management<\/label><\/li>\n\t\t<\/ul><p style=\"text-align: center;\"><input type=\"button\" name=\"vote\" value=\"   Vote   \" class=\"Buttons\" onclick=\"poll_vote(193);\" onkeypress=\"poll_result(193);\" \/><\/p><p style=\"text-align: center;\"><a href=\"#ViewPollResults\" onclick=\"poll_result(193); return false;\" onkeypress=\"poll_result(193); return false;\" title=\"View Results Of This Poll\">View Results<\/a><\/p><\/div>\n\t<\/form>\n<\/div>\n<div id=\"polls-193-loading\" class=\"wp-polls-loading\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.ino.com\/blog\/wp-content\/plugins\/wp-polls\/images\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading ...\" title=\"Loading ...\" class=\"wp-polls-image\" \/>&nbsp;Loading ...<\/div>\n\n<p><!--more--><\/p>\n<p>If you chose (C), you are correct! Gary used an egg timer for <a href=\"http:\/\/www.ino.com\/blog\/stop-loss-strategies-for-good-money-management\/\" target=\"_blank\">money management<\/a>.<\/p>\n<p>You see, Gary was using a \"time stop.\"<\/p>\n<p>Gary would find a set-up on his intra-day charts and act on it immediately. If the market did not move in the direction (either up or down) that Gary had predicted by the time the sand had finished running through his egg timer, he would exit the market win, lose, or draw. Gary did not invest any emotional capital in the market, he simply followed his <a href=\"http:\/\/www.ino.com\/blog\/do-you-have-a-trading-game-plan\/\" target=\"_blank\">game plan<\/a>. It was just that simple.<\/p>\n<p>Now, before you all rush out and buy egg timers, I have to say that I never had the type of trading personality to trade like Gary.<\/p>\n<p>However, what I did learn from Gary and his egg timer method is this - start with a defined approach and game plan. Gary immediately knew, based on chart action, when he was going to enter a trade. And then, he put a time limit on success for every trade.<\/p>\n<p>You may want to give Gary's method a try, but with a twist. You can substitute the egg timer for days or weeks as your time frame. If it does not work in your chosen time frame, exit the position.<\/p>\n<p>Now I readily admit that this approach is not for everyone. However, it does have value to those investors and traders who are active in the markets.<\/p>\n<p>Every success with your own personal time stop,<br \/>\n<a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/p>\n<p>P.S. If you want to learn more about money management <a href=\"http:\/\/www.ino.com\/blog\/stop-loss-strategies-for-good-money-management\/\" target=\"_blank\">click here<\/a>.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6763,1294,6649,25,6764,6765],"class_list":["post-29652","post","type-post","status-publish","format-standard","hentry","category-general","tag-egg-timer","tag-game-plan","tag-marketclub-techinques-tips-and-talk","tag-money-management","tag-time-stop","tag-what-is-your-trading-personality"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How An Egg Timer Could Improve Your Trading - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How An Egg Timer Could Improve Your Trading - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-09T17:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-10-09T16:23:19+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"How An Egg Timer Could Improve Your Trading\",\"datePublished\":\"2014-10-09T17:00:08+00:00\",\"dateModified\":\"2014-10-09T16:23:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\"},\"wordCount\":424,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"Egg Timer\",\"game plan\",\"MarketClub Techinques Tips and Talk\",\"Money management\",\"Time Stop\",\"What is your trading personality\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\",\"name\":\"How An Egg Timer Could Improve Your Trading - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2014-10-09T17:00:08+00:00\",\"dateModified\":\"2014-10-09T16:23:19+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How An Egg Timer Could Improve Your Trading - INO.com Trader&#039;s Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/","og_locale":"en_US","og_type":"article","og_title":"How An Egg Timer Could Improve Your Trading - INO.com Trader&#039;s Blog","og_description":"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 [&hellip;]","og_url":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2014-10-09T17:00:08+00:00","article_modified_time":"2014-10-09T16:23:19+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/#article","isPartOf":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"How An Egg Timer Could Improve Your Trading","datePublished":"2014-10-09T17:00:08+00:00","dateModified":"2014-10-09T16:23:19+00:00","mainEntityOfPage":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/"},"wordCount":424,"commentCount":1,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["Egg Timer","game plan","MarketClub Techinques Tips and Talk","Money management","Time Stop","What is your trading personality"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/","url":"https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/","name":"How An Egg Timer Could Improve Your Trading - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2014-10-09T17:00:08+00:00","dateModified":"2014-10-09T16:23:19+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wwwtest.ino.com\/blog\/2014\/10\/how-an-egg-timer-could-improve-your-trading\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/29652"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=29652"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/29652\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=29652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=29652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=29652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}