#35 - Trading From A Different Time Zone
Hey everyone, Kirk here again and welcome back to the daily call. On today’s daily call, I want to talk about trading from a different time zone. I often actually do a lot of traveling. In fact, I’m going to be coming up on like a little travel season here. I’ll be going back and forth between the East coast and the West coast a couple of times towards the end of the year for mastermind groups and meetings and stuff like that. For me, I experience a little bit of this. It’s not nearly what maybe some of the internationally experienced as trading the US markets, but I think that when you’re trading in a different time zone, the best tool that I found for myself was just to set an alarm. I set these different alarms on my phone because the markets open and close at different periods and oftentimes, if you’re jet lagged or moving around or jumping from one time zone to the next, it’s really hard to remember like, “Am I three hours back today or two hours back or two hours forward?” or whatever the case is. Just literally setting simple alarms on my phone is probably the best tip. If you’re trading internationally, I think you just have to find a time during the day that’s your time to make trades in the US market. It doesn’t matter when you trade the US markets if you’re trading internationally. If you trade them in the morning, in the afternoon, as long as you’re doing it consistent, then it should on average even itself out. I say if you can carve out like 30 minutes a day, if you can find that time in whatever time zone you’re in, it might be early in the morning, it might be later in the evening, it might be during your lunch time, I’m sure you can find some time during the day to trade the US markets if you’re international. Otherwise, I think if you just absolutely can’t, if the markets are only open when you are totally 100% asleep, then you want to start using contingent orders and get really, really good at using those. But if there’s a will, there’s a way to do it and I think that trading from different time zones is obviously challenging. It’s not easy. It’s not like being in the time zone of the markets like we are in the East coast, but it’s not impossible either and I think you just have to fit something into your schedule. Hopefully that helps out. As always, if you guys need anything or have any questions, let me know. Until next time, happy trading!
