Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Angelnish

Does Forex Disturb Your Sleep?

Recommended Posts

When we are still waiting for the state of trade in order to improve, apparently after a few hours, the situation has not improved and increasingly negative pips movement. We're tired of waiting, and then sleep. Are you able to sleep with this state?

Does Forex disturb your sleep?

Share this post


Link to post
Share on other sites

ALL my trading disturbs my sleep. I have lost many hours a night re-playing the day's game, thinking about my mistakes, wondering about my profits and if I did something right or if I just got lucky, but I know what you are talking about. I've been doing this for years and I found the only solution for me is to trade small enough where I can sleep. I know it's a cliche---and most trading cliches are bunk---but it really will help your game if you CAN sleep even though you have a trade going.

But I definitely know where you are coming from. I'm currently in oil in a big way (for my portfolio) and I wonder about what is going to happen after the computer is off and the clock says bed time. I'm sure someone will get on here and say something about setting your stops and setting your price target and just let it go, but it's still stressful.

Share this post


Link to post
Share on other sites
When we are still waiting for the state of trade in order to improve, apparently after a few hours, the situation has not improved and increasingly negative pips movement. We're tired of waiting, and then sleep. Are you able to sleep with this state?

Does Forex disturb your sleep?

 

forex historically trends more than many other instrument classes. If you are taking losers home, most likely you are fighting trend more often than you would if you were taking losing positions in other instrument classes home … Generally speaking...

 

Have you considered not taking losing positions ‘home’? …unless you also have limit orders resting at levels of even more adversity and your probs are tail high for a reversal. ??? For many if not most systems and with the ‘staying power’ / capitalization of most leveraged traders, across time, getting out of fx losers at your close is better for your bottom line than sticking in… Generally speaking...

 

Sleep is an integral part of recovery from ‘stress’. Without adequate recovery your performance, when seen from a longer span like ‘monthly’, will go down… and down… and down… Generally speaking...

 

hth

 

Have a Deep Solstice, a Happy Honica, Monica And a Merry Christmas, all

Share this post


Link to post
Share on other sites

I love sleeping. If you can't sleep because you're worried, you should do something to sort out the problem that you are worried about (whatever it may be, trading or life in general). Perhaps close your positions and take a break, or trade a smaller position size. If you can't think clearly about when to buy or sell, then you will make more mistakes and lose more.

 

For me, it helps to be able to say, "Oh, price did that? That's interesting." - to be detached from the winning and losing (it's hard to be like that and I often get worked up or emotional when I'm in a trade, but I think that being 'detached' is the way that I want to trade).

Share this post


Link to post
Share on other sites

Forex doesn't have to disturb your sleep, but you must rearrange your schedule to catch the moves. For example, I live in the Pacific time zone of the US, so I go to bed at 5pm. Awake at midnight, have my coffee, go to the gym and am sitting at my computer by 2am. I trade the German DAX, London Forex session, catch the early Crude Oil and Index futures moves at 5am and usually done with my trading day by 10am. I then spend the rest of the day spending quality time with my wife and children

 

I keep the same schedule on weekends so not to disturb the sleep pattern. I also sleep in an inside bedroom without windows with ear plugs so the kids playing doesn't awake me.

 

Note: the above schedule/routine would be near impossible for those that love to watch evening television. Simple... get rid of the boob tube, and your income possibilities accelerate.

Share this post


Link to post
Share on other sites

I agree with Dith, here. If my normal bedtime when I was trading stocks or had a different type job was lets say midnight, how am I supposed to go to sleep at midnight knowing that in just 2 hrs, all hell could bust loose. Usually 3am but they make many a sleep deprived trader miss out by moving the mkts at 1 or 1:30am these past few weeks and its all over till NY buy 3am!!! So yeah, we have that now to contend with as well. The "high volume" times are not as clearly in boxes as they used to be.

 

Plus, its not just missing the trade that keesp us awake. Here is what we dont talk about boys. Drum roll, please...................................... Ok, some of us have trained ourselves to go into almost a meditative state when the mkt isnt moving,so we get to constantly reflect on our trading plan or someone elses you just saw on this form, or even getting out of this crazy business altogether. We may not always have something to trade, but we always have something to be thinking about, or in OUR case ,something to analyze.

 

And so now if you get thru the London session, its now 7am or so and its totally dead. But whats this!!!!!? The sun is coming up, birds are chirping, the news from all over the world is streaming. Plus the action for NY starts at 8 or 8:30am. Do we really want to miss that?

 

I personally have no idea how anyone could hold down a full time job and also trade forex. I couldn't do it and would have a heart attack from the stress and sleep deprivation. All of thos sweet, polite, charming men who were interviewed by Jack Schwager in Market Wizards. So composed, so in control. Yeah...right! Catch them on friday morning at 10:30am when they now have almost zero chance if im forex to get even for the week, and they have been living on coffee and determination. Oh yeah,thats another thing. Would anyone here agree with me and say that the average trader probably drinks a lot more coffee than the regular working person out there? Heck, you can develop permanant sleep disorders just from caffeine manipulating your circadian sleep cycles long enough!!!!

 

But cant you just set it and forget it as the swing traders do, we keep hearing? Sure.....try it for a few days. Let me know how much Valium you needed. LOL

Share this post


Link to post
Share on other sites

Im seeing a pattern already from this thread. The ones whose sleep is not disturbed are those who trade just one session,once per day. I think in Futures and Stocks it is much easier but in Forex, who doesnt want to know what is happening at 3:30am when they are "supposed to be trading 8am-1pm daily as the other trader on the pacific coast does. Paul Tudor Jones(all of you should see the video on him) is up at 4am, no shower, breakfast, just coffee...and hes right at his desk trading gold or forex at 4:05am And thats with 29 other emplyees! I always feel I am missing something if I trade only one session. I wish they just traded everything from stocks to forex at the same time every day, the same 8 hrs. Pick any time and I will go along with it. Woullnt all the traders in the world be soooo much more relaxed? The brokerages too!

Share this post


Link to post
Share on other sites

Yes so much i even change to binary trading,

 

 

Now i trade in Vault Options, what you invest is what you risk, plus in Vault Options you have the instant withdrawal feature which allows you to get your money right back at your account. for me they are currently the best broker out there.

Share this post


Link to post
Share on other sites

for me it does not matter, because we are sure there are funds still hold floating forex, and tomorrow when we wake up the price was better, and I believe it can be achieved, because we also do pre-op analysis on forex trading, and we also have sure, then we do not feel disturbed sleep and a comfortable, healthy and tomorrow is bright, easy to think well.

regards:haha:

Share this post


Link to post
Share on other sites

In this business, one must invest his time moreover ! ! This commercialism business may be a true profit and enables you to fancy. There's the most effective means within the Forex world. Dump the negative news you've got been fed with, forex is sweet... forex isn't solely sensible. However it's the most effective and largest online marketplace of the globe currently. forex provides USA the opportunities to form a lot of on-line from home. A large range of out of work individuals square measure being concerned here to figure than wasting their time for sorting out jobs. forex don't time the upper practiced education certificate has it don't have restricted quota. Thus being a merchant in forex is the best of all. It should be risky or not be risky what ever it. I will simply trade with Forex on-line trade all time. Individual people who square measure out of work they'll work with forex in ideal time of each day. It's a word game conjointly. It is also an informed game. Individual people who square measure used to then conjointly work with forex in rest time as a result of it's on line program and it's invariably open and viable. Thus forex could be a means of financial gain for many people who square measure gathers data regarding PC and on-line net user data and have time.

Share this post


Link to post
Share on other sites

It actually does. Sometimes it doesn't let me to fall asleep at all since I'm thinking of how I could avoid that losses or it might be the very time to switch the strategy etc.

 

Really want to get rid of that bad habit - it bothers me more than smoking! :crap:

Share this post


Link to post
Share on other sites
It actually does. Sometimes it doesn't let me to fall asleep at all since I'm thinking of how I could avoid that losses or it might be the very time to switch the strategy etc.

 

Really want to get rid of that bad habit - it bothers me more than smoking! :crap:

 

Since when did smoking started to bother..:D

Also, if it really affects your sleep then take a break for a while . i have gone through the same time when i had blown up my first account, then took a break and came back to it with better mental strength ....TBH blowing a small account can be helpful sometimes cause u get to know how the accounts gets blown up ..:D ...Now its much more better for me...

Share this post


Link to post
Share on other sites

Also, if it really affects your sleep then take a break for a while . i have gone through the same time when i had blown up my first account, then took a break and came back to it with better mental strength ....

 

Thanks for your advice and experience! I've come up with the similar decision - the break is surely needed. Really hope that my idea of giving my dimes to a money manager can help me to earn some spare time (hopefully, profits too :roll eyes:).

Share this post


Link to post
Share on other sites

As I think about it, my dilemma is that Im not a day trader. The lowest time frame I will play is the 60m and thats usually a 2 day trade on avg. So I usually get in at the start of a new day/night which on NY time is 6pm. I watch it until the spreads close up and get some kind of feel for what the mky wants to do***

 

and I put my trades on, and truthfully i dont HAVE to be watching the london session, i could wait for the ny, but i often sleep right thru NY till 11am. so I never trust my sleep habits so i get up at 2am to "take a peak" and suddenly im trading till 5:30am.

 

I really must try to put my trades on at 7pm and shut down till morning. Or.....retest both of my systems and see how they would work if i dont even look at the charts till 7:45am or so when NY gets rolling.That is my goal. Or...I can kiss getting back into great shape in the gym again good bye. At 54 its hard enough.

Share this post


Link to post
Share on other sites
Yes so much i even change to binary trading,

 

 

Now i trade in Vault Options, what you invest is what you risk, plus in Vault Options you have the instant withdrawal feature which allows you to get your money right back at your account. for me they are currently the best broker out there.

 

 

Hi,

Why Vault Options is the best? there are many broker firm in USA?

How much is the deposit with Broker?

How fast can get the money back?

Did VO broker helping you to earn profit, any recommendation?

 

rgds

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Posts

    • divvy, Without saying something about when fibs will likely resonate/hold, that statement has no more significance than saying something like “moving averages  are helpful in confirming trend-trading entry points. ... where the pullback could reverse and head back in the trending direction.” (hint:  swing ‘slope’ is good place to start... slopes of last 3 swings to hone)
    • https://bankunderground.co.uk/2018/11/13/the-seven-deadly-paradoxes-of-cryptocurrency/
    • AI works with data it is given.... just sayin’ There are rumors that the ‘artificial intelligence’ in all the AI funds may stop buying and even start selling.... just sayin’ ...not an issue --- until you consider that there is not a diverse universe of AI ‘models’ out there.  In fact, the universe of neural net models are close to a weird ‘singularity’ esp on the trading platforms.... just sayin’ ie...not an issue --- until you consider that the outputs of Unsupervised Learning models, Supervised Learning models, Semi-supervised Learning models, and Reinforcement Learning models all correlate much more than one would hope.  Ie Some ‘geniuses’ develop an original model in Boston, another team builds a new proprietary model in Chicago... another out of Princeton,  etc etc. etc etc etc and all the models learn to do about the same things.... what am I just sayin’ ?
       
    • Ethereum (ETH) Daily Price Forecast – November 15 ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $260, $280
      Support Levels: $170, $160, $150 Yesterday, November 14, the price of Ethereum was in a bearish trend. Price was fluctuating at the $210 price level before the bearish breakout. The crypto's price was resisted by the 12-day EMA and it is approaching the $180 price level. The digital currency has reached its oversold region, therefore traders should look out for buy setups so as to initiate long trades. This will enable traders to earn partial profits as the crypto's price commences its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is in the bearish trend zone. ETH/USD Short-term Trend: Bearish On the 1-hour chart, the crypto’s price is in a bearish trend. The crypto's price fell to the low of $182.05 and price is ranging at that price level. The crypto’s price is now below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.     The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.   Source: www.bitcoinexchangeguide.com   Top of Form   Source: www.bitcoinexchangeguide.com
    • Fibonacci retracement levels are helpful in confirming trend-trading entry points. ... where the pullback could reverse and head back in the trending direction.
×

Important Information

By using this site, you agree to our Terms of Use.