Have you ever Traded because you were bored?

[Kiwi]

Boredom is my worst enemy too; well, one of them.

I've found that posting on bulletin boards doesnt help because the boredom causing me to post seems to precede the market finally setting up properly.

What sort of activities do people do that let them maintain enough activity to prevent boredom and inactivity trades yet don't involve them so much that they miss the next trade?

[Soultrader]

	Quote:	Kiwi
	Boredom is my worst enemy too; well, one of them. I've found that posting on bulletin boards doesnt help because the boredom causing me to post seems to precede the market finally setting up properly. What sort of activities do people do that let them maintain enough activity to prevent boredom and inactivity trades yet don't involve them so much that they miss the next trade?

This is going to sound insane but... I trade from 10:30pm Tokyo time. I used to play online poker when I was bored but then started missing too many nice setups over a couple of good tournaments.

Lately, I have been working on other projects during the day so I tend to sleep after I trade the morning session. Since the opening 90minute is my strength, I do pretty well without even bothering to trade the afternoon.

Here's a couple of other suggestions: go to the gym, start an online business (this keeps you occupied and even if it flops you are probably going to save more money than the money wasted on trades taken through boredom), go out druing the doldrums, poker, etc...

Unfortunately in my case, there is not much I can do at night. You have alot more options so Im sure you will find something that can keep you busy.

[protrader]

Yes regrettably.

[stephens]

I have a similar problem myself. As day traders what is the ideal number of trades one should place a day?

[protrader]

What ever you are comfortable with, no set numbers, I just play it as it comes, could be 0-100,000's.
Also depends on your system and style.

[torero]

Usually spend alot of time during market hours just drawing trendlines as the market is constantly changing so are the trendlines and S/R levels that need to be redrawn. Doing this keeps me from getting bored but keeping out of trouble. I post in forum and chat once in a while. Good thing is MP and pivots are already in place during market hours.

[wsam29]

Here are my thoughts regarding boredom and trading.

If you have a method that you know is successful and you are a profitable trader, there is no reason to trade because you are bored. When you trade because you are bored, you either do not have a method that is successful and therefore you trade for the desire of being right.

This is no different than playing a pot in poker with a junk hand but you over bet the pot and have gotten yourself too invested in the pot and cannot walk away from, outcome, you end up losing money. Losing money does not bother you, its the fact you made a dumb play to begin with whether that be in poker or trading.

I don't know about everyone else but I hate sitting in front of this computer for more than 4 hours a day when the market is open.

[wsam29]

and yes, I used to trade when I was bored.

[drk1t]

Bored? There's always porn until the markets start moving again.

[hanz]

	Quote:	drk1t
	Bored? There's always porn until the markets start moving again.

hahaha...

when ur hooked with porn,u'll gone miss a setup :p

i ever had a position which i used a mental stoploss...at that moment the market is flat and boring...hence i forgot to place stoploss and proceed playing games...

when i come back i see -197 pips

(faint)