The patience has to be something you learn. That being said their is always something you can be doing to become a better trader when their is nothing to do. Look for other strategies, backtest, meditate. You can never have too many strategies.
Sorry but i disagree. Having multiple strategies is a good thing if you are automated. If you are trading manually it can get distracting and confusing. Certainly if a strategy requires quick thinking and fast decisions making. About the patience part: some people might be able to sit in front of their screens for 6+ hours a day without doing anything, i am not one of them. That is why i am looking for stuff to do without losing to much focus on my trading. Developing new strategies isn't something i am currently interested in since i have 2 strategies that are performing well. I am doing a lot of reading but reading for hours and hours everyday gets boring as well .
But if you can learn new strategy's, turn them into code, then give that code to me, then I'd of finally cracked this. ( that's what's wanted ) Get some weights, get buff for the beach when you retire, excersize bike with a view of the screens. Games and porn tricky there too distracting so I try to avoid while trading.
If it where that easy develop a new strategy and automate it i probably wouldn't started this thread in the fist place . Maybe i should just follow your earlier advice and go get some coke .
Never ask a serious question at the weekend especially these days, too many bored people around. There is a reason all the big traders used to use it, laser focused for 8hours, need a high class hooker to snort it off really, weekend treat for focusing all week ??
I think there still are plenty of people using it, people from all walks of live. We all probably know at least one person who uses it in secret. According to some numbers 2,2% of the population of the Netherlands would be using coke, in the UK 2,7%. The city i live in has the highest concentration of coke in the sewage water in Europe according to tests being done in 2016.
It's simple. You lack passion for the market. If you were in love with a girl you're seeing, would you just walk out on her in the middle of conversation? No, you would take interest in everything she does, in every word she utters, in every movement she makes. If you don't find interest in her, then it means you don't find her attractive. It's the same thing with the market. If you were passionate, you will find meaning in all its moves. Why was it that this candle is above the previous candle? What's up with the lagging volume when it "should" be doing otherwise? Etc, etc. Questions and answers should be swirling through your head. However, if you can't focus on trading and rather prefer on doing something else, maybe this isn't right for you. You should move on and find something more meaningful, something that you're REALLY passionate about. Forget about money and listen to your heart.
Lad next door used to deal and use it, had a MASSIVE bag full, must of been 50K value hidden for ages. Don't know anyone else. The few 20years old that have died from C19, all Coke heads and party people from the look of it. Never tried it, not lucky I'd die instantly no doubt!
But that level of passion = addiction to trading, been there, doesn't really make for a good trader either, hard balance. I manage 15mins if nothing looking promising I'll wander off then 4hours later kick myself for moves lost.
If i where having a conversation with a girl i would be doing something so i wouldn't get bored. Unless she would be talking about Trump, then i might still leave.