i begin to find it boring !! too long i m doing this ! the most problematic is keeping wanting to make money when u don t need to !
But that is the best way to make money, when you're not needy! Been day trading seriously for nearly a week now. My energy is zapped d/t the need to continuously monitor the stock price, plus my heart is beating like crazy hoping my trade doesn't kill me financially...
cool man, that s the real living, u ll get use to it ! even after 15 years, you ll get stressed of holding any big position wait for one real volatile day to know if ur up to it !
And this is occurring because... A)...you're trading without protective stops and/or averaging down? B)...you can't bear to take a loss until a huge chunk of your account is wiped out? C) ...you're leveraged to the max and if your stop loss is triggered, the slippage alone could wipe out a huge chunk of your account? :eek:
I used to find it exhausting in this market, then i found a butter knife and I pried the F1-F6 keys out of my keyboard, (those were my sell keys) It seems to be much less of a struggle now.
A. I use mental stops. B. Even the sight of a $50 paper loss will cause me panic. C. I don't (intend to) use margin. Maybe it's the fear of a sudden sharp spike in the opposite direction of my trade. Or, maybe that's how the stock manipulator wants me to feel during a shakeout.
No, but i find longer term trading tiring and not beneficial to my life. You have to find the form of trading best suited to your make up/psychology.