Interesting research. Gives new meaning to the great Vince Lombardi Quote: Fatigue makes cowards of us all.......
That was one of the best articles I've read, I can't wait for the book to come out. Scalping aka market making is low variance trading. The only other alternative is directional betting which is very high variance. The brain can handle low variance trading a lot better than high variance trading. But the brain can't handle trading all day long. I intuitively realized the decision fatigue was harming me a long time ago so I end most days as early as possible - as soon as I hit my profit target for the day. I like to shut down early and lock in decent gains and lock in a disciplined day.
lol... yea.. reminds me of the Salem witch trials... "we will drown you so that you can prove your not a witch/have discipline" "if you come up for air/cut ur losses when getting out is good-- your a witch/you suck at trading" "if you drown/margin call-- your not a witch/have good discipline"
amazing article. It touched a point that is very close to home about food being fuel. its surprising how many people do not realize that. being a fitness fanatic (not a health nut) i am amazed how little people know about effects of different foods on your body. Just by simple self-observation (if too bored to study) you can find out many things. Great post.
Yep. Used to trade US session, while I live in the UTC+7 time zone... To say it was hard is nothing. Most likely no coincidence that I got much more successful when switched to trading European session mostly. Would probably be even better to trade Asian markets, but didn't found any which I would really like as much as the Euro. P. S. Great article indeed.