Staying focused while trading

Discussion in 'Trading' started by DevBru, Apr 25, 2020.

  1. maxinger

    maxinger

    DURING TRADING,

    DON'T leave trading desk
    DON'T play games
    DON'T play guitar
    DON'T use ET while trading
    DON'T eat
    DON'T go toilet
    DON'T use social media
    DON'T even listen to music
    DON'T attempt to multi task
    DON'T peep at youtube
    DON'T automate your trading when your trade plan didn't call for that
    NEVER EVER KEEP YOURSELF ENTERTAINED WHILE TRADING.


    BE DISCIPLINED, SIMPLY CONCENTRATE AND STAY FOCUS ON TRADING.
    In simple english, just do trading and nothing else.
    And honestly speaking, it could be tough to be do only one thing at a time.

    so before trading, cleanse your mind first.
    have your minds centered first.
    besides doing physical exercise,
    we have to do mind exercise.

    concentration problem is like a soft / software problem.
    It cannot be fixed with hard / hardware solution (automation?)
     
    Last edited: Apr 26, 2020
    #61     Apr 26, 2020
    yc47ib likes this.
  2. DevBru

    DevBru

    So if you had a day with no valid signals, which you don't know in advance, you would just sit behind your desk from the open to the close and do nothing?
     
    #62     Apr 26, 2020
  3. First of all - do you have a comfortable chair and nice home office?

    I can get restless too, so I definitely can relate. And I've always enjoyed the development part and research more than the actual trade execution.

    Maybe start by breaking the day up into parts and start by committing to staying focused for the 1st 3 hours and then grow into trading the full day.

    I think a lot of people in today's society have short attention spans which is a direct cause of the environment we're living in with information and distractions thrown at us in abundance from we wake up to we go to bed.

    Meditation can be helpful and focus/mental stamina can be trained.
     
    #63     Apr 26, 2020
  4. maxinger

    maxinger


    each of my trading session last for about 2 to 3 hours (early asian, early eur, early US session).
    ie total of about 9 hours / day.


    many people would walk away when there is no valid signal even before 2 hours trading session is up.
    Honestly I am guilty of that.
    because after walking away, there might be numerous good signals.


    you are right; there is no way to know in advance when the signal is coming
    though sometimes we can have a feel based on what has happened previous day.
    Signal can come very early, very late, or none at all.
    so it is important to glue ourselves to the chair and computer screens.
     
    #64     Apr 26, 2020
    yc47ib likes this.
  5. never2old

    never2old

    good pointers on zero distractions when trading.

    interested in the time slots, so you basically have a pee break between each of the early 2-3 hr periods for the different markets & get to sleep in between?

    as follows would these be your trading time slots in PT (not EST), a request to you to revise your trading times & post back?

    Asia 3pm - 6pm
    sleep time
    Europe midnight - 3am
    US 3am - 6:30am

    unless the trading periods are longer, other than sleep time, what do you do between sessions?
     
    #65     Apr 26, 2020
  6. VEGASDESERT

    VEGASDESERT



    Honestly, this is a loaded question.

    But for me, the best way to beat the focus problem is to have more set ups.

    Unfortunately if you're trading 1 security, cant really do it without degrading performance.

    Trade stocks and look at multiple charts throughout the day. Thats one way to do it.
     
    #66     Apr 26, 2020
  7. easymon1

    easymon1

    ymmv
     
    #67     Apr 27, 2020
  8. DevBru

    DevBru

    Currently my desk is placed in my living room, i have no room to make a separate home office in the apartment i currently live in.

    I have thought about moving to a bigger place, however this would also cause higher costs of living, currently my rent is fairly cheap and the location where i live now is (for my personal situation) perfect.

    Moving to a bigger place with separate home office will happen once i managed to save up the $200k for the swing account, probably in a year or 2. That will be a huge improvement but doesn't help me right now.

    So far i fill my trading hours with playing some guitar, a lot of reading (all kind of magazines and books), planning my next holiday, ...

    I am currently looking at purchasing a new laptop to take around the apartment and find a layout so i can monitor the most important charts/information that i need to see my setups so i can do some other stuff away from the desk but keep an eye on the market in a way that i can still go back to my desk with my laptop, see all the charts i need to see and enter a position. Not sure if it will work but i will never know until i try.
     
    #68     Apr 27, 2020
  9. Onra

    Onra

    Today you should only be doing some "koekhappen" and "tompoezen eten"! :D :sneaky:
     
    #69     Apr 27, 2020
    DevBru likes this.
  10. easymon1

    easymon1

    save 100k per year after taxes, expenses and friction means income 200k+.
    are you a trust fund baby?
     
    #70     Apr 27, 2020