Trading Alone or With Others in Trading Room?

[The Bear]

	Quote:	nycdweller
	Does anyone watch CNBC while trading? Does watching financial news help a daytrader in any way?

I trade alone every day and I do watch CNBC every day. It's pretty useless in terms of helping me. I do like to watch Maria giggle though, and I like to see what Erin Burnett's wearing. For me, CNBC is just background noise. I also like to see all the idiot experts trying to call the tops and bottoms in the markets. It's fun. They are almost always wrong.

[aiki14]

	Quote:	The Bear
	I trade alone every day and I do watch CNBC every day. It's pretty useless in terms of helping me. I do like to watch Maria giggle though, and I like to see what Erin Burnett's wearing. For me, CNBC is just background noise. I also like to see all the idiot experts trying to call the tops and bottoms in the markets. It's fun. They are almost always wrong.

I do the same and couldn't agree more, background noise, and some scrolling info. I do like Leisman and Santelli.

[Bannor]

Favorite Music to listen to while hammering away? I enjoy an eclectic mix of 80's Grunge, Chorale Classical, and Techno/Trance myself . .

Also, I agree it can be a lonely sport, this trading business. The problem with so many chat rooms is that there are sooo many blowhards and other communication evil-doers that its difficult to actually enjoy most of those rooms.

I did notice there is a chat room here, and I am going to start hanging out there if anyone wants to join me during the trading day.

Good trading today, people!

B

[NihabaAshi]

	Quote:	nycdweller
	For those of you that trade for a living, do you hang out in an online trading room (chat or voice) during the day or trade quietly at home without the company of other traders? I ask this question because trading is boring and can be a lonely career. How do you prevent yourself from getting bored? Do you listen to the radio or music while trading? For those of you that hang out in a trading room, where is it located? Thanks.

It depends upon your definition of Boring.

If you meant to said you are bored because you lack the comarade from other traders...try some chat rooms (the free ones).

However, if you are bored because you think its "too quiet" in your house while trading...listen to music, listen to or watch TV involving a financial network.

However, keep in mind that CNBC, Bloomberg, RobTV et cetera are designed for traders to use any info that's useful to their trading although I consider them to be excellent financial networks about anything involving the markets especially the FED related discussions.

Simply, if you're going to use them, use them properly as in for entertainment and educational purpose only...not for trading decisions.

Another option is to get an actual office somewhere that requires you to commute back and forth from work to help take away some of that boredom you may be feeling because it'll keep you busy in a different way.

Yet, that's only an option if you're a consistently profitable trader that can afford such easily.

Back to chat rooms, there are hundreds of free chat rooms on Paltalk and IRC...just type those words with trading words and you'll know where some are and then join those rooms.

Most are listed (public) while others are private (requires registration or you need to know someone to get in).

Once your in a few room (most are distractions)...you can then start learning about other rooms to fine tune your search of a room that's appropriate for you (not a distraction).

Last of all, I myself watch Bloomberg TV (radio and Satalite) on low volume when I'm bored but when I'm busy...I'm mainly just listening to music.

P.S. Don't watch Bloomberg or any other financial network online on the same computer your trading from. Thus, use them on a second computer and the same with music if you're listening to online music.

Best Regards,