Discussion in 'Trading' started by Unquestionably, Feb 18, 2011.
Do you find day trading exhausting?
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?
This shouldn't even be a possibility.
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.
It's time for you to find a new endeavor.
Separate names with a comma.