The times are listed on page 1. Each owner only picks at two different times. One during even numbered rounds and one during odd numbered rounds...
The times listed are when your timeslot BEGINS. The next person in line can not pick before their timeslot begins unless all owners before them have already picked. If people have been skipped, you must wait.
Yes, timeslots are in effect for the duration of the draft. Every day.
I did not think I needed to be this explicit, apologies for not clarifying these things earlier.