Routines of highly successful investors

One way to learn how to be the best trader is by looking at what the most highly successful traders do differently to everyone else. What better way to become a better trader, than learning from the routines and habits of the best? In this article, we analyze the routines of the most successful traders and show you how you can also emulate them.

Warren Buffet Routine

You can’t say the word trading without mentioning Warren Buffet. He is one of the most successful traders to have ever lived. He has an estimated net worth of over $85 billion USD. This means that his routine is well worth taking a look at. Firstly, Buffet wakes up at 6:45 am in the morning. This isn’t overly early, but it also isn’t too late. It gives him a chance to plan the day ahead and recollect his thoughts. Despite being 88 now, he still finds time to exercise. Additionally, he also reads for a majority of his day. He recommends everyone to read at least 500 pages a day. He is someone that has never stopped learned even after his success. He enjoys the social aspect of work, and will regularly take his colleagues out for lunch. Buffet also enjoys unwinding after work. He likes to de-stress and relax after a long day. The importance of learning how to relax is crucial for surviving as a trader. The way to relax for Buffet is through a game of bridge and by playing the ukulele. Buffett is in bed by 10:45 pm and he always ensures to get 8 hours of high-quality sleep. This leaves him refreshed for the day ahead.

George Soros Routine

George Soros is one of the best-known stock investors and currency speculators. Additionally, he is well renowned for his generous philanthropy. His net worth is currently estimated to be above $24 billion. Famously, in 1992 he managed to short the currency of the Pound and make a profit of up to a billion. Soros is known to collaborate before any major investment decisions are taken. His routine involves always taking the time to reflect and research before jumping into anything. Soros believes in separating business from personal life. To unwind he enjoys listening to classical music. He also believes in investing in good causes. George Soros strikes a nice balance between work and home life. This is a crucial aspect to keep in mind for any trader. It can become easy to make trading the forefront of everything in your life.

Nassim Nicholas Taleb Routine

Another modern well-known trader is Nassim Nicholas Taleb. These days he may be more known for his publishing. However, he has an excellent history of trading, and he is well known for providing good advice on the markets. He has leveraged his high mathematics skills to adapt them to the market. One of his biggest trading wins came in the 1987 stock market crash where he was able to come out with $35 Million. Additionally, he has correctly forecasted many trading events. His trading strategy is based on protecting assets and identifying mispriced funds. His routine involves strength training in the form of weight lifting. This keeps his body in the best condition and means that his mind can remain sharp. Additionally, his routine consists of fasting. He also makes sure to challenge himself every day with difficult math problems. These challenges allow him to stay motivated.

Bill Lipschutz Routine

Bill Lipschutz is one of the most successful foreign exchange traders. He started off in stock investing and then switched to Forex trading. He is known to be one of the most profitable Forex traders of all time. At his peak, he is known to have been making around $300 million a year. His routine involves being up at 5:30 am every morning. This allows him time to plan for the market. He doesn’t take much time off and remains committed to trading. He spends a lot of time with colleagues and mentors. He has stressed that a routine which involves collaborative thinking is essential for success. His routine has involved seeking out mentors and actively learning from them. However, he has noted that they weren’t purely for trading purposes. He stresses that they were more so to do with the humanistic aspects of trading. There is a lot to be learned from others on how to develop the right mindset and habits. The way to remain consistent is by emulating the habits of the habit.

Closing Thoughts

You will now have seen how highly successful traders manage their routine. There are simple habits and patterns which are different from the norm, however, they remain consistent with them. The main routines of successful traders involve waking up early, learning how to relax, consistent reading, and also a focus on consistent human interactions. One of the reasons why these people become so successful is because of their routines which guided their paths. Any trader looking to be profitable in the long-run needs to dedicate themselves to a routine that they can manage. These routines should have inspired you to craft your own.

Share Post:

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram
Share on email

Leave a Reply