Help needed - I overtrade after 11am

Discussion in 'Psychology' started by KCalhoun, Sep 15, 2021.

  1. tomkat22

    tomkat22

    I'd love to find a good mid/late day strategy. I just haven't found one yet. I'm sure some guys have but they aint talking. Things usually get pretty boring after 11 am central time.
     
    #111     Feb 2, 2022
  2. Hi Ken,

    I love trading as well, but I love winning even better. As I have matured as a trader, my hours have been reduced. I am usually done by noon. This process only took like 23 years, and it was really in the last 8 years where I kept optimizing it (think Pareto's Law).
    https://en.wikipedia.org/wiki/Pareto_principle

    I do a lot of adventure sports, but these require traveling, planning, etc. My BASE Jumping Instructor/Mentor, and good friend since 2003, just killed himself:
    https://www.moabsunnews.com/news/article_a2b70038-755f-11ec-9537-b78f7d91614f.html

    So I have been dealing with the aftermath, and his wife (now widow). She has introduced me to Onewheel, and I will be checking out an event this weekend, and getting one as well in a few weeks. It basically provides me an outlet, that I can do on a daily basis, without the requirements of an adventure (scuba-diving with sharks, BASE Jumping, skydiving, flying planes, kiteboarding, etc.).

    https://onewheel.com/





    You HAVE to get creative bro...
     
    #112     Feb 2, 2022
    KCalhoun likes this.
  3. ?
     
    #113     Feb 2, 2022
    ChipShotTrader likes this.
  4. Sorry about your friend, but is killing himself the right phrasing? That usually indicates suicide. I suspect most adventure seekers know and accept that death is a possible outcome and I wouldn't say he killed himself, but I am not a pro.
     
    #114     Feb 2, 2022
    ChipShotTrader likes this.
  5. I am now basically wrapping up things by 12:00pm. I have an alarm at 11:15am, that let's me know to be aware of how I am performing. And a final alarm at 12:30pm. Trading until 4:00pm was simply not adding to the bottom line (I genuinely have about 3 hours of fresh focus), and I am now concentrating on quality of life issues, since I am not immortal anymore, and my life is coming to an end, eventually. Every hour counts, and the afternoon was just not for me. It takes MANY years to get to this point, and I finally got there. GET A ONEWHEEL (see above)...

    But if you are in your 20s, go crazy, trade every instrument under the sun, 24 hours a day. I already went through that. Why watch the same movie, over and over again?
     
    #115     Feb 2, 2022
    KCalhoun and Frederick Foresight like this.
  6. Excellent point. In BASE jumping, we call it "going in". Jimmy went in, and now he is flying free.

    Trust me, this was NOT a suicide. Dude was a rockstar, and frankly, I am just in awe to have been his friend...
     
    #116     Feb 2, 2022
    nooby_mcnoob likes this.
  7. Def sounds like a rock star. What's the ratio of people who die doing what your friend did and hang gliding? Because I want to go hang gliding.
     
    #117     Feb 2, 2022
    ChipShotTrader likes this.
  8. easymon1

    easymon1

    Here's a thought.
    1 - I overtrade
    2 - after 11am
    3 - Loves to trade
    =
    Trade More Not Less.
    Trade Earlier.
    Why not trade something that moves from 7 - 9AM?
    xnmop.png
     
    Last edited: Feb 2, 2022
    #118     Feb 2, 2022
    KCalhoun likes this.
  9. Damn, had no idea that BASE Jumping is the most dangerous sport in the world. I am one crazy fuck :cool:
    https://www.asunnyafternoon.com/10-dangerous-sports-world-ready-take-risk/

    Hang gliding seems all right. I know one death, and one person paralyzed from it. But from the BASE Jumping community, I know a LOT more casualties. I just would not get the same rush from hang gliding, not even close. I know this from former BASE Jumpers who are now into it. It's a "relaxing" activity compared to BASE.

    Jesus: "BASE jumping is one of the most dangerous recreational activities in the world, with a fatality and injury rate 43 times higher than that of parachuting from a plane."

    Get a ONEWHEEL, and you will be riding every day!
    https://onewheel.com/



    PS. I used to skateboard, and after BASE, ONEWHEEL is my personal answer.
     
    #119     Feb 3, 2022
    nooby_mcnoob likes this.
  10. KCalhoun

    KCalhoun

    Check out YouTube gopro videos
     
    #120     Feb 3, 2022
    ChipShotTrader likes this.