The Adage Goes “it’s Better Not to Trade Than to Lose Money Trading”…

[abuguapo]

…hence the need to recognize your edge. Never trade without knowing – seeing your edge.

This means you have to be discriminatory about your trading, it means you won’t chase the markets. So my question (to anyone willing to take it seriously) is: how do you manage your time (day trading) BETWEEN trades?

No doubt a lot of time is spent looking at charts but there is also the hazard of getting into a kind of trance that isn’t especially alert.

How do you pass the time (day trading) while staying sharp…on your game?

Any thoughts?

gg

[ektrader]

Originally Posted by abuguapo …hence the need to recognize your edge. Never trade without knowing – seeing your edge. This means you have to be discriminatory about your trading, it means you won’t chase the markets. So my question (to anyone willing to take it seriously) is: how do you manage your time (day trading) BETWEEN trades? No doubt a lot of time is spent looking at charts but there is also the hazard of getting into a kind of trance that isn’t especially alert. How do you pass the time (day trading) while staying sharp…on your game? Any thoughts? gg

Hi gg,

This has helped me become great at video games.

Happy Trading

Ektrader

[DugDug]

I read, read, read - things like this site, other technical forums, two or three newspapers, watch porn, write poetry, fall asleep. Anything really.
I thought this job was meant to be glamorous.

It helps when I have a plan or attack every day so you know what to look for, and when to trade. Thats stops me from trying to judge every tick - plus I trade longer term than most.

[Charlton]

I return to your basic adage "The Adage Goes “it’s Better Not to Trade Than to Lose Money Trading”… "

This is the ideal. This is probably the most important point in trading i.e. maintain capital.

However to realise this truism requires experience of it. This is why the ideal in your statement has to be broken. You have to feel the pain of losing to stop doing it. You have to feel the pain of not having a stop-loss.

Only when you have felt this pain can you move on and correct your errors. This is why I think the title of the thread is a hurdle to be overcome, rather than something you avoid. You cannot avoid it, but you can learn from it.

Charlton