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Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game.

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Old 10-12-2006, 02:53 PM
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Trading Edge: 100% Concentration and Focus

As a full-time trader I find trading requires 100% concentration and the discipline to stick with the markets everyday. Any time I take a break from trading, it takes me several sessions to get back in the game.

Like an athlete, missing several training sessions can get you off the game. Similar in trading, I find it necessary to be involved in it everyday. This allows me to be in sync with market action and understand the complete language of the markets.

By being involved everyday, I am able to recognize and memorize all key price levels and the bigger picture of market action. Clues and small pieces of market information are so important in making daily trading decisions. I find it very hard to take any breaks or a vacation. Even when I am not trading, I need to go over market action and go through my charts.

Does anyone else feel the same way?

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Old 10-23-2006, 12:03 AM
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Re: Trading Edge: 100% Concentration and Focus

Well, you can say that as enthusiasm or the other way, addiction. I am fine with a week or 2 break to charge up myself. Especially, during some bad days.
I agree with you a prolong break, (maybe more than 1 month break) might get you out of track, but you should be able to get back on track within a week.
To me, trading is not about sticking with market 24x7. It is a psychological challege, a mindful game. If you have mastered the edge of this aspect, you should get back to form soon.

Just to share with you my thought.

Btw, I just come across Traderslaboratory. Great work. Keep it up.

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Old 10-23-2006, 08:09 AM
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Re: Trading Edge: 100% Concentration and Focus

I have been trying to take more days off lately. I have especially limited myself from trading on Fridays. I might trade the opening hour but I hardly ever trade the afternoon sessions.

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Btw, I just come across Traderslaboratory. Great work. Keep it up.

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