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| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
| View Poll Results: Have you every Traded because you were bored? | |||
| Yes |
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7 | 100.00% |
| No |
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0 | 0% |
| Not sure |
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0 | 0% |
| Voters: 7. You may not vote on this poll | |||
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Have you ever Traded because you were bored?
Have you ever jumped into a trade out of boredom?
When markets are quiet, or there is nothing on my radar, I have found myself trading stocks I would not normally have touched. Has anybody else ever found themselves in this situation? Spotting a trend which is not quite there? Is it just me, or do traders have a very low boredom threshold? |
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Re: Have you ever Traded because you were bored?
haha
nice follow up Trade Up.My answer is YES! I did find one way to avoid boredom though. I started playing online poker on my extra monitor. This keeps me occupied.
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com ********************** Empowering traders with knowledge. |
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Re: Have you ever Traded because you were bored?
I am sure all traders can admit to committing this mistake. Boredom can be an enemy to trading. I don't recommend sitting in front of your screens all day. I try to avoid this by trading in the morning and afternoon session only. I usually hit the gym during lunch hours.
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Re: Have you ever Traded because you were bored?
Same here Carter. I run, work out, mow the lawn during lunch etc.
Unless I see a real good set up forming, I'm away from 11:30-2:00. Good for the eyes, the nerves etc. |
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Re: Have you ever Traded because you were bored?
Boredom is a massive problem for traders as, if you are like me, you mind is buzzing all of the time with ideas.
I think this is why a lot of traders play poker, for the thrill, if trading is a little quiet? What other things do you do to avoid trading out of boredom? |
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Re: Have you ever Traded because you were bored?
It is the same for most traders - bored, looking for something which is not there, and then regret.
I have done this on a number of occassions, but now I try to make use of "slack periods" and maybe catch up on my research, spend some time with the kids, etc. The majority of traders have very active minds which are analysing situations all of the time, and if you are like me, you hate being bored!!! |
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Re: Have you ever Traded because you were bored?
While the general feeling seems to be that all traders have, or do, trade because of boredom - How can we reduce or stop this?
Do you have technique to stop yourself trading? Can you just walk away? Can you switch off? I must admit that I find it difficult to switch off, even when I am not at my computer. Boredom is my worst enemy. |
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