Every Second Counts … Or Do They? «

Every Second Counts … Or Do They?



It is obviously useful to have the time on your computer set correctly (because you know what time it is for a start), but some traders become obsessed with making sure that the time on their computer is exactly correct (i.e. not even half a second off), because they believe that having their trading will be more profitable (or profitable at all) as a result.

For example, a trader might use the time on their computer being slightly inaccurate as an excuse for a particular trade not being profitable, because if the time had been set correctly, they would have made the trade a few seconds later, and the stop loss would not have been reached.

The financial markets move based upon the price, so your trading system or trading technique should also be based upon the price, and the accuracy of the time on your computer should not make any difference to the profitability of your trading. If you honestly believe that having the time on your computer set exactly correctly is making a difference to your trading, then you need to realize that it is your trading system or trading technique that is the problem, and not the accuracy of the time on your computer.

.

 

  • New ETFs From Scottrade - No Brokerage Fees

    There's no doubt that there are more exchange traded products now than ever.

    classy, black-and-white Corsair Graphite 600T case that says sci-fi, not hot rod. I want to get like eight of these things, ...
    Read More
  • 14 ETF Trading Strategies

    You may have heard of ETFs and some of you even have them in your portfolios, but not many investors are aware of the diverse ETF trading strategies these assets have to offer.

    Read More