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

Reply
Old 03-17-2009, 12:44 AM   #17

Join Date: Mar 2009
Location: cleveland
Posts: 3
Ignore this user

Thanks: 0
Thanked 2 Times in 2 Posts

Re: Sustaining Focus and Concentration

I take regular breaks throughout the trading day. A routine is helpful i.e.
11:30 check out trader chat rooms; 11:55 lunch and etc...

Two important items to always keep me connected even while on break:
1. Audible alarms: I have alerts that will signal me when a trade set-up is within range. This signal tells me to "get back to work". I may be in the next room or even shooting a game of pool to relax. But, when I hear that signal, I will literally run as if it were fire drill! Laughing at yourself is great way to ease the nerves and back into the market.

2. Stop watch: if I need to take a 5-minute break or pit stop I will literally use a stopwatch to time me- the watch hangs around my neck. This keeps me honest and to avoid distractions.

I hope that this helps!
joseph000 is offline  
Reply With Quote
The Following User Says Thank You to joseph000 For This Useful Post:
Soultrader (03-17-2009)
Old 04-12-2009, 06:41 AM   #18

Join Date: Jan 2009
Location: Way the hell up North!
Posts: 36
Ignore this user

Thanks: 0
Thanked 2 Times in 2 Posts

Re: Sustaining Focus and Concentration

Copious amounts of Cocaine should help your concentration! Heavy doses of Amphetamines should do the trick! Just kidding of course!
I prefer a stiff coffee or energy drink to keep my mind on matters. It also helps when you may be feeling a bit sluggish. Make sure you have had your breakfast.

I have 2 monitors so I can multitask. I'll have my chart of what I'm trading on one screen, and I'll be playing poker/utube'ing/e-mailing/chatting on the other one...So when you're ready to pounce you won't miss it. You can't trade every opportunity, just keep yourself prepared...and if you're a scalper, there's NO such thing as a "missed opportunity" because the patterns repeat dozens of times a day.

I think a few distractions are ok, because sometimes the sidelines can be a good place to hang. It's unrealistic to trade everything...I trade FX, so I must make sure I'm always watching, but only trading PEAK hours/setups.
SwingTradinJay is offline  
Reply With Quote
Old 04-14-2009, 01:27 PM   #19

traderpsyches's Avatar

Join Date: Jun 2008
Location: NYC
Posts: 26
Ignore this user

Thanks: 2
Thanked 37 Times in 12 Posts

Re: Sustaining Focus and Concentration

Trading is a very physical business - as well as a psychological one... just like everyone needs to find their instruments and timeframes that best suit their thought process, everyone needs to "workout" and rest accordingly.

This is one of the core problems with the concept have creating a plan and following it AND EVERY TRADE to the letter... you can't get every trade because your brain doesn't have the energy... and if you try, you take ones that aren't so great and further degrade your mental energy ... or what as you know we call Psych Cap.

It is one of those things that falls under the rubric "Well the reality is...."

DKS aka TP
traderpsyches is offline  
Reply With Quote
The Following User Says Thank You to traderpsyches For This Useful Post:
diablo272 (04-14-2009)

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:


Similar Threads
Thread Thread Starter Forum Replies Last Post
Practicing Focus.... TinGull Trading Psychology 30 07-16-2008 04:05 AM
Trading Edge: 100% Concentration and Focus Soultrader Trading Psychology 2 10-23-2006 08:09 AM

All times are GMT -4. The time now is 12:05 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.