One of the myths or ideas that I see with many folks when it comes to day trading is that you have to be locked in front of your PC all day. If you are trading stocks or options on stocks, that may well be the case. With Index trading, nothing could be further from the truth.

I like to keep my trading day to about an hour or possibly two. In fact, my most profitable days index trading have been when I only traded for about thirty minutes. If I trade longer, I tend to make mistakes. Besides, the trade or set up I like the best normally happens between 10 AM and 11 AM Eastern Standard time. Many days it happens right at ten in the morning!

Today I made a little trade on that move and made two hundred and sixty dollars on it. Not bad right! Then I stayed around looking for trades with some of my student traders. I made a couple moves that I took small profit with. One for $10, and one for $20. Then I made a move after 11 that I lost $140 on. So, you can see I would have had a better day if I would have quit after the first trade, and many days that is the case.

The reason many traders mistakenly promote the myth that trading must take a lot of time is because they are trading stocks, or options on those stocks. With that type of trading there is a lot of research you need to do. Then they probably use a chart to time their entry and exit points. With index trading it is all about timing, so the chart set ups are really all we care about.

So don’t let anyone tell you that you can’t make money in a short period of time trading. You most definitely can. If you are like most folks, you will do better the shorter you keep your trading days. I have seen that be the case with hundreds of my students, and statistics don’t lie.

Doug West has worked in Financial Planning and Investment training for over 20 years. Get his No-Cost Audio Report on how you can Secure Your Retirement with Free-Online Tools:

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Learn the art of simple Mini-Dow Index Trading. With Index trading you don’t have to worry about PE ratios, insider trading, company scandals, or any of that. Just make your trade when the simple patterns we show you appear. It really is that simple.