Future money managers, how are you spending your time? by Sam Eder

Just a brief note today.

How do you spend your time during the system development process?

It should be something like this:

To reinforce the point I asked a hedge fund manager what his top tip for future money managers was today. His answer:

“I’d say gain an understanding of the metrics that they need to achieve, ideally before embarking on creating the track record – then devise a risk management/trading strategy that achieves those metrics.”

Next:

How do you spend your time during the trading process?

It should be something like this:

  • 30% on psychology (maintaining the right state)
  • 30% on managing existing positions/ risk management
  • 20% on your entries
  • 20% on recording/ journaling/ debriefing

How does your time spent compare to these?

(By the way this applies to all traders not, just money managers)

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