Share Your Stock Market Investing/Trading Daily/Weekly Routines!

26th Mar '23 by Caduceus

12 comments 1158 reads

Hi there fellow investor and trader enthusiast's.

I hope you all are doing well and earning some profits in the stock market. I'm reaching out to ask you to share your daily/weekly routines for investing or trading in the stock market.

We all know that having a routine is essential for success in any field, and the stock market is no different. A good routine can help you stay disciplined, focused, and keep your emotions in check. It can also help you to analyze the market trends and make better investment decisions.

So, let's share our routines and help each other create, evolve, or adjust our own. Here are some questions to get the conversation started:

Do you even have a routine or are you a cutthroat, fly by your pants kind of individual?
If you do have a routine, what is your workflow/sequence of events that you systematically do and why?
What time do you wake up and start your day? Do you reach for that phone and go straight to the Stocko discuss tab to check for new comments?
How much time do you spend researching and analyzing the market and at what time do you sit down to start this?
What are some tools or resources you use to gather information, other than Stockopedia (clearly)?
How do you manage your own portfolio and risk?
What time do you usually open or close your trades?
Do you have any rituals or habits that help you stay focused?
Do you use a specific workflow when you sit down to your computer?

Please feel free to add any other tips or advice that you think might be helpful to others.

Let's learn from each other and become better investors/traders together!

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john2

26th Mar '23

You show me yours and I'll show you mine.

Benson212

Here are some general tips I've learned over the last 7 years of investing , which has included three bear markets.

Choose a strategy that fits your personality and risk tolerance. For some, this isn't the strategy which produces the highest total return.
The more volatile your equity curve, the less likely you will stick to your strategy over the long term.
The two premier factors for high risk adjusted returns in the UK, are the size effect (small caps) and momentum.
Be as systematic as possible with solid rules, this will remove a lot of emotion from investing.
The majority of stock market returns occur from holding over night, not from intraday movements.
Those who watch every tick of their portfolio's fluctuations, almost always underperform - learn when to turn off the screen and distract yourself with a hobby.
You'll never consistently call the top or bottom in stocks (even if you use technical analysis).
Never marry stocks, just take them on dates and dump them when it turns ugly.
Never give up

Caduceus

Sure,

• I start by reviewing my open positions. Check for any news or updates that may have affected the stock's performance. Analyse the technical and fundamental aspects of the positions to determine if any adjustments are necessary then make the adjustments. I review my stop-loss orders and adjust if necessary to ensure that I am managing my risk effectively until such a time that I can fully mitigate the risk aspect.

• I review my risk management strategy to make sure its functioning correctly and consider any necessary adjustments.

• I check the performance of the overall market and trending indicators since my last check by reviewing the indices that I participate in (UK only for me but have dabbled in USA). I try to look for trends in market sentiment and volatility that may affect my portfolio or indicate new potentials.

• Review and analyse my scan results for potential setups. I use stock screening tools from both Stocko and Tradingview to try to identify potential opportunities for new position potential. I focus on stocks that are showing signs of upward momentum and potential VCP, HTFs, Weinstein setups whilst having strong fundamentals more on the VM side; taking note of any stocks that may warrant further analysis or monitoring, I place these into designated flagged lists on Tradingview.

• I try to identify new or existing sector trends that are leading current market performance (something I am still trying to refine).

I will then read something that educates me or watch a useful video to further refine an area I'm struggling with. (So many videos to watch)!

WarrantStar

I find that some of the best opportunities arise from the days trading updates. These often get commented on in the days small cap value report. If the trading report is one that "reports trading ahead of expectations" then i would conduct further analysis with a view of buying in the next few days.

rhomboid1

Interesting topic

My routine is to read every RNS of any company that is of the slightest interest at 7 am..watch any results presentation that catches my eye…and then do nothing other than continuously check that I’m happy to hold the shares I own in perpetuity*…’never interrupt compounding unnecessarily’ etc

*ideally

I showed you mine...

The Boon Fund

I run my Boon Fund on the side as a hobby, albeit with aspirations to do it full time if I can consistently get 7-10% yearly above the FTSE All-Share benchmark. My job is a typical 45-50 hours a week senior managerial role, but predictable hours and rarely any weekend work.

Here's my approach, and routine in the next section below:

I do bottom-up stockpicking, albeit given my time constraints I can't do super detailed. I envy the dedication that other forum members, like abtan, puts into bottom-up analysis. Having said that, I often only start taking a position when my Google Doc on that share gets to like 10 pages+, along with the Google Sheet with numbers from several years. Occassionally, I take the rare ETF, but usually not long like Xtrackers S&P 500 Inverse Daily Swap UCITS ETF 1C (LON:XSPS) . If long, usually very thematic rather than broad, like Invesco STOXX Europe 600 Optimised Banks ETF Acc (LON:X7PP) .
I run a concentrated portfolio of 10-20 shares. As my target is 7-10% outperformance, too many holdings gets me closer to average performance. It is also due to practicality - I don't think I have enough bandwidth to monitor enough shares to then generate enough holdings to go above 20.
I focus on small and mid-caps. Given my "part time" nature, I don't dare to dream that I can beat the institutional professionals who do this 60-80 hours a week, with countless resources at their disposal. They focus on large caps, and maybe mid caps. So I go hunting in small and mid caps.
I'm looking for a 40%+ gain within 18 months. My forecasts, in the mid-case scenario, needs to hit this. Sometimes I'll bend the rules to 30%+ for larger caps, given the unlikely scenario that large caps can be so undervalued given the number of eyes on them.
Either unloved or underestimated. I look for shares that have negative investor sentiment. When I hear the word "bargepole" but the fundamentals look sound, I sense an opportunity. Often, the SP would have been a bubble before and popped recently, leaving many, many investors burned. Some call this bottom-fishing. Maybe it is. I also look for shares where there is good transformational progress being done, or some market dynamic shift that is happening. This only works when shares have been boring for a long time (hence unloved). An example is Costain (LON:COST) - terrible returns in the last few years, some management mis-steps, low margin work - in the past. However, they are successfully making a name for themselves in construction consulting, and aiming to increase gross margin rate by >50% in less than 2 years. And trading at a 4x PE. One key signal I look for is the Stocko community rating - if its like >25%, then that signals to me that too many Stocko subscribers are "interested", so there is neither the unloved nor underestimated part.
Buy price and sell price setting. For each share in my watchlist and portfolio, I have a set of buy price and sell price. Sometimes multiple - like a "weak buy" and "must buy".

The routine:

I check my Stocko RNS alerts for portfolio holdings around 7:30am to 8am, when I'm having my morning coffee and breakfast. If the news is good, I add to my to-do list to update my analysis. If the news is bad, I quickly assess whether I want to get out at the 8am open. If not, it also gets added to my to-do list to update my analysis.
I work. Day job I mean. Sometimes I'll check widely Bloomberg or FT news on the commute to work. But I do no further share analysis.
Work breaks. When I have work breaks, sometimes I'll scan through some of the RNS from my holdings or watchlist, and read SCVR. Post some comments. But I don't make any trade decisions.
Evenings & Weekends. This is when I go through my to-do list of analysis to update. Usually, I wait 7 days after a TU or Results. This is because I want to see the Stocko numbers update, as well as wait for all the broker reports and forecasts available to come in. This is especially needed for small and mid caps, as there is often a delay.
When I make trades. I set Stocko trigger alerts based on my buy and sell prices. When I get that email, I then spend a half hour refreshing my memory of my analysis, and trying to poke holes in my thinking, given a fresh pair of eyes. I then scan to see if there's anything new with the company or industry. If not, then I go ahead and execute.
Biweekly refresh. I look through my watchlist or portfolio, and if there is a share I haven't looked at for more than a month, I do a quick scan to see if there's any updates required.
Monthly strategic view. Here I look at my portfolio from a bids eye view - am I too concentrated in a sector? Too much cash? How is my performance? Reflect on any learnings - good decisions, bad decisions. Look at Stockrank, Style, # screeners, other metrics. Look at a few stock screens I have to generate inspiration to add to my to-analyse list. Think about macro factors. Write the https://www.stockopedia.com/co... monthly recaps. Cull my watchlist. Add new shares to the watchlist and do a starter analysis.

doctor dave

27th Mar '23

My routine is to look frequently for opportunities to top up my Value and Income holdings. I add more whenever they have sunk for no obvious reason. And then I hold them mostly for ever and reinvest the income.

But being a dopamine-driven flawed human I also often get excited by improbably good-looking far east shares on Stocko and buy them on the basis that “it’s all green!!” So I can’t recommend my strategy to anyone else, though it keeps me entertained.

RabidDog

3rd Apr '23

Hi, I’m generally an investor who goes for growth shares. I actively watch the Zulu Principle growth screen to identify shares of interest. I have a few of my own screens set up with basic growth attributes ROCE, PE, EPS etc mixed in with 50mda/200 mda to flag shares that have entered positive technical territory. From this screen I further use the discussion tab to check for general positive vibes. Monitor this pretty much every day. Use the stocko alarms to give me a heads up when current holdings move out of band. Pretty meagre pickings at the moment but that’s to be expected in the current environment. I do hold a fair few ETF’s, ITs typically for none UK holdings as they are outside of my knowledge area(eg Mexico )

Brilliant Leader

4th Apr '23

This is an aspect of investing we probably don’t discuss enough. As it happens, during Q1 I added a page to my blog to share my own investment process which might perhaps be of interest https://shareknowledge.blog/in...

Cheers
Simon

KevinS1

I am an avid reader & listener to podcasts. I will normally have a couple of investment books on the go at a time, read the IC each week and probably consume 6-8hrs+ of podcasts per week plus read the SCVR avidly each day.

I have way overtraded in the past - trying to grab too many stocks that look like great opportunities and am now much more considered - I think the saying is "you don't need to swing at every pitch".

I tend to look for Value investments, but am also slowly moving back towards a PF that has a good spread of IT's & ETF's. I have accepted that I am no Warren Buffet and am splitting my PF between a variety of objectives - ISA's are more focussed with IT's & ETF's (plus the odd value stock), my drawdown part of my SIPP is focussed on income generation and my undrawndown SIPP is much more growth focussed. This suits my investment goal as I move towards retirement and have specific pots with certain aims.

Previously I've piled into anything that takes my fancy - which worked fine in a bull market, but not so much the current bear market!!! I now avoid any jam tomorrow stocks and just look for those shares that provide consistent growth and stick to their knitting.

I now generally look at a variety of measures on stocks including; EPS growth, PE/PEG, ROCE, ROE & OM. I will check out its dividend history, have a look at its recent SP Chart & volume, understand any share issuance, read recent RNS's, ensure it has an acceptable level of debt and review who owns its shares and whether they are buyers or sellers. In fact all of the Stockreport screens provide a very quick and easy review of most key measures with excellent graphs.

I also try to take a step back and look at competitors, the broader market it is in & the sector overall.

I've learnt not to get excited when I see/hear about opportunities - often a lot of commentary comes soon after a TU which can push the share-price up. I tend not to rush in with the herd now, and await for things to settle down, and go back around my process a couple of weeks later to make sure I've not just got carried away with all of the hype.

I also really enjoy reading observations from 5 or 6 people on here who I consider to be very knowledgeable. It all helps in developing my own skills and whilst it is an obvious weakness I do like a bit of confirmation bias.

Things are tough at the moment, but hopefully I've got a PF that is solidly loaded with good quality Co's that will come to life with any recovery, but in the meantime a number of my holdings pay a good dividend whilst I await take-off. The 1st quarter hasn't been enjoyable, but much of that has been down to me not following my process and paying for a couple of hyped up moonshots. If I take them out of the equation then things are OK.

HHR

11th Apr '23

Thank you for this interesting thread.

My investing strategy is to hold approx 5 and 10 shares for the very long term. I am looking for ultra growth but it must be profitable growth – I am not interested in companies that incur big losses funding the top line at the expense of profits.

This is the bones of my method which I apply as strictly as I can.

I am a professional PI and I spend 13 hours a week on my investing. I spread that time across 6 work streams. I record how much time I spend on each activity on a simple spreadsheet. This timesheet enables me to check I am spending my time productively rather than getting distracted on what feels right but doesn’t actually add value
I believe having a good psychology is an essential component of a successful strategy – this involves self discipline and thinking independently. To encourage the right psychology I have created a Powerpoint presentation of stock market quotes and aphorisms. I review these slides at the start of each day to help ensure I don’t wander off course
Fear and greed are constant challenges, so to help combat these emotions I write down on my control spreadsheet how confident I am feeling from 1 to 10. If I feel very high or low on confidence I reduce my trading activity
In addition to my core portfolio I have a watchlist which I limit to a maximum of 20 shares to avoid dilution of my ideas and research time
Once a month I read the prospectus of all ipo’s for that month and I track a handful of these too because I want to spot the future gems early in their market career
I have alerts for all of the above 3 buckets. To maintain my objectivity I always analyse announcements before I check the market reaction (this is surprisingly difficult to do as the only website I know that gives news without live price is investegate)
Because human psychology reacts more to negative stimulus (falling price) than positive (rising price) I only check the share prices of my portfolio holdings once per month. That way I avoid being grumpy all the time as well as risking being scared out of a good position. If a stop is in danger, or there is newsflow I will occasionally break this monthly rule but I maintain it strictly for random market movements
My method is loosely based on the Zulu principle and my objective is to grind out a steady market beating return and supplement that with the occasional massive winner. I am very choosey about adding a share to the portfolio and I conduct at least a day of research and often more before committing
I maintain a diary of analysis for all my holdings which I believe is another key contributor to my success. Although I rarely review my analysis it’s there if I need it, but the main value of the diary is the act of writing things down sharpens my decision making process and often warns me I might be taking a risk or reassures me I might be on to something
Another cornerstone of my method is to produce my own company earnings forecasts. There are several benefits to this work, i) often I am forced into a deeper level of research and insight than I would otherwise achieve, ii) I get to test the accuracy of my investment analysis as events unfold, iii) I have an edge on any investor who is relying solely on the ‘official’ forecasts which in my opinion are often too heavily influenced by company PR – this happens on the low side (to allow the company an easy ‘beat’) or high side (to support an unrealistic shareprice)
Once I invest in a company I apply a mechanical stop loss. This results in approximately 2/3 of my investments being small losses. Although this is a very heavy toll to pay it limits losses on bad ideas and protects me from the sunken psychological cost of spending years tying up my money and research waiting for an idea to come good
If a share survives the initial period and moves to a profit I will hold until newsflow undermines my investment thesis (i.e. something goes wrong!) at which point I will sell
Occasionally if a share does very well I will award it ‘winner’ status (this is a subjective and irreversible decision which I will make when a share has 3 – 5 bagged). These ‘winner’ shares are then coffee canned and I wind down my research and tracking to once per year at the finals. I will occasionally top slice a ‘winner’ if i) I see newsflow changing or ii) I need to withdraw money for living expenses or iii) to invest in new ideas, however I will never sell my entire holding. This ‘hybrid’ coffee can method can never be perfect but the idea is to try to keep active in finding new big winners and stay passive when those life changing investments occasionally materialise

Thank you for the thread

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Caduceus

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