Does trading wear you out?

Discussion in 'Psychology' started by minmike, Aug 22, 2006.

  1. Dear Steve: try phoning younger girls?

    Please don't tell my friend Leon about your exs' exploits. I'd never get any work out of him as he frantically paws thru tattered old black books of his own :>)

    *

    Intraday trading can be exhausting. Many times in the past I've gone right to the couch at 4:00pm EST and crashed for an hour or more.

    The solution for me has been only trading 9:30 ~ 11:30am and then 1:00pm ~ 4:00pm EST. That 1.5 hour break midday makes all the difference for me, and it was a net-loss period over time besides. Breaking up the tedium for all-day marathon was critical to my mental staying power.

    Another key component is walking away from the screens when a trade is in the early stages of development. If there is little chance of a reversal setup pending, once a trade is on I get up out of the chair and walk away. Distancing myself from the tick by tick torture removes 90% of the stress involved.

    A lot of my trades that go deep into profits had come within a tick or three of being stopped out early on. Most also fluttered around with small unrealized gains before continuing on. If I sit there for the entire drama, it would be very draining. Trusting the trades to work as they should = giving them long leash to do exactly that.

    Once I slowed down my intraday pace, broke up the day into most profitable zones AND broke the tension by leaving screens, feelings of exhaustion left completely.

    Hope this helps
    Austin
     
    #21     Aug 23, 2006
  2. I think you have me confused with a Mr. Karr.
     
    #22     Aug 23, 2006
  3. Huge laugh!

    My daughter is 23 next month. I'm 42 the day after Xmas. Most of my friends blatantly oogle and comment about girls her age or younger around me. Quite confusing, to be honest. Thankfully, one girlfriend in her "30s" is too much to handle as it is.

    Sorry to go off-topic of the threa :>O
     
    #23     Aug 23, 2006
  4. Married young, and still with us after enduring your daughter's teen years. That is an accomplishment.
     
    #24     Aug 23, 2006
  5. gawd only knows what could happen if we weren't doin' this. :D
     
    #25     Aug 23, 2006
  6. minmike

    minmike

    I appreciate all of the replies. It is nice to know that I'm not alone in what I'm experiencing. I like all of the suggestions to do something "other" in the middle of the day. I have thought about it before. I find it hard thought. As I'm getting ready to leave I keep seeing these trades that should make money, not enough, but some. (The phrase nickles in front of a bulldozer comes to mind.) I start to feel like I might be cheating myself by not staying. I always have justified how well I'm doing compared to friends in other lines of work by taking risks and working hard. While a midday nap sounds great I think I might start to feel like a slacker.

    About the trading on vacation, I was helping some family and taking advantage about having a mobile profession. That is a big perk to me. And trading only 2 hours a day and then taking a nap certainly felt like vacation!!
     
    #26     Aug 23, 2006
  7. WinDiff

    WinDiff

    It makes your head spin!!!

    For some it is a place where assets are transferred from one party to another, legally, hence the wearing effect
    While for the others, very few btw, it is a pleasing and rewarding place

    I guess you are in group one
     
    #27     Aug 23, 2006
  8. This dull market is wearing me out. Don't want to force any trade until Sept when the big boys are back in town.
     
    #28     Aug 23, 2006
  9. i have been running or a bike ride in the morning before work,and that changes the whole day.plus weights/bike at night. when i dont do this i feel like crap,and then the burnout does set in. after the run and shower i have coffee and the kick it gives is differnt than if i would skip the run and just go straight to work.some chemical thing in the brain i guess.all i know is that it works :D
     
    #29     Aug 23, 2006
  10. In what sense? Physically or mentally?

    Mike

    P.S. Apparently, based on the majority of emails I get, soft cialis and porn will do the job. Just a suggestion.


    To the OP,

    Well, if you find yourself worn out, you need to excersize more and eat wholesome quality food. Thats what works for me anyways. Mental health is physical health and vice versa.
     
    #30     Aug 23, 2006