06‏/01‏/2009

Time Management Techniques

For a trader, time management is very crucial.
I think most of us don't want to stare at the chart continuously all day long and missed all the excitements on world around us.
That why we need to time our trade.
Here are some techniques of time management, they are quite general, but these techniques can be applied to the trading:
Learn to say no.
Prioritize the people and tasks in your life.
Put perfectionism in its proper place.

Don't waste time by demanding perfection of yourself and others.
Not everything requires perfection.
Avoid or manage interruptions.

The telephone is one of the biggest time wasters.
Screen calls; reduce chit-chat; group outgoing calls; have necessary materials available; train others to handle calls; arrange a time to take/return calls; control closing remarks; monitor length of calls; schedule a no-calls taken time.
Delegate when possible. Assign low-priority tasks to others.
Handle each piece of paper or mail only once.

Immediately make decisions about what attention it requires.
Transform commuting and waiting time. Listen to books, language programs and education materials on CD or cassette while commuting, exercising or waiting in line.
Have assigned places/systems for routine items and tasks.

Always store keys, purse, briefcase, tools and utensils in the same place.
Follow the same principle with clothing and grooming items. This reduces the time wasted searching for routine items.

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  ©تصميم محمود جمال.