Trade

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Repeat it until it pays you. Something about that jumps out at me.

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Closing positions during a bear versus bull market

in the day and early in the week, but to sell off later in the day and later in the week. The reason, John said, was because if a day trader is losing money and the market weakens, he wants to close out his position before the end of the session and start again the next day with a clean slate. And, as the week goes on, a slightly longer-term trader often wants to close out his losing position before the weekend. That way, he doesn’t have to carry a debit balance on his margin account for two days when the market is closed and he has no chance of getting any price movement. But in a bull market, said John, a trader is absorbed with making money and is driven by greed rather than fear, so rather than bail out, he’ll ride the bull overnight or over the weekend.

Flint, Paul . Pit Bull: Lessons from Wall Street’s Champion Trader (p. 248). (Function). Kindle Edition.

Ideal sleep pattern for Sydney, Australia

what’s the ideal sleep pattern for someone in sydney australia who needs to be awake during NYSE hours

ChatGPT said:

Goal: Stay alert for full NYSE session.
Location: Sydney (AEDT, UTC+11 during summer).

NYSE hours in Sydney time:

  • Pre-market main activity: 22:30–00:00
  • Regular session: 00:30–07:00
  • Close: 07:00

Ideal pattern uses split sleep. Keeps reaction time steady.

Model pattern:

Core Sleep Block

  • 08:00–13:00 (5 hours)

Second Sleep Block

  • 17:00–20:00 (3 hours)

Total: ~8 hours.
Creates a stable wake window from 20:00 to 08:00.

Alternate pattern for lighter schedules:

Single Long Block

  • 08:00–14:00 (6 hours)
  • Plus Short Nap
    • 20:00–21:00 (1 hour)

Choose the split block if you trade full session.
Choose the long block if you only trade first 3–4 hours of NYSE.