Gary Halbert · whole document (80)
zflk blitzkrieg paradigm
4:15-6:00 p.m.
Chills a bit. Works on his P&Ls and goes for a
workout or a run.
6:00-6:30 p.m.
Dinner.
6:30-7:00 p.m.
Works on his customized charts of about seventy stocks.
7:00-8:30 p.m.
Collects and reviews data, listens to hot lines, works
on his moving averages, etc.
8:30-10:30 p.m.
Prepares for tomorrow. Ponders strategies, plots
inflection points, tries to spot trends, puts info on
five-by-eight cards.
10:30 p.m.
Lights out. Pillow talk. And I quote:
Audrey:
"Buzzy,
how'd you do today?"
Him:
"Okay, but I
should have done better."
Audrey:
"All traders
are the same. You want to buy at the low, sell at the high, do
it three times as large, and quit at the top."
Him:
"Yeah,
absolutely."
Yes indeedy, happily, for him, the fight never
stops. He says markets move around the globe like the sun.
Main ones in the U.S. are open from 9:30 a.m. to 4:00 p.m.,
but there are after-hours markets for bonds, stocks, futures
and more. The S&Ps which are his bread and butter, trade
forever. The S&P pit on the Merc closes at 4:15 p.m., but
then it reopens on a computer system called GLOBEX at 4:45
p.m. (Hey, that 30 minutes of down time might be a great
opportunity to clean out his plumbing for one more time each
day. Imagine how happy that would make his dear, departed
Grandad!) In any case, GLOBEX trades all through the night
until 9:15 the next morning and then the Merc pit opens up at
9:30. That means there are only forty-five minutes a day when
you can't trade the S&P futures. Plus, to help produce
more volume, GLOBEX now opens at 6:30 on Sunday
night!
Hmn? Seems to me this man is missing
something. He makes lots of money but something seems wrong.
I'm trying to focus on it. It's right there at the edge of my
consciousness. If only I could grab hold of it. Oh wait! I've
got it! Here's that teensy little flaw which seems to have
eluded him: