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 10-12-2006, 02:53 PM   #1

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,371 Times in 492 Posts
Blog Entries: 4

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?
__________________

Soultrader is offline  
Reply With Quote
Old 10-23-2006, 12:03 AM   #2
Gav

Join Date: Oct 2006
Location: Australia
Posts: 14
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

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.

Gav
Tradergav
Gav is offline  
Reply With Quote
Old 10-23-2006, 08:09 AM   #3

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,371 Times in 492 Posts
Blog Entries: 4

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.

Quote:
Originally Posted by Gav »
Btw, I just come across Traderslaboratory. Great work. Keep it up.

Gav
Tradergav
Thank you TraderGav
__________________

Soultrader is offline  
Reply With Quote

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
Pit Noise: Trading with an Edge Soultrader Market Internals 29 04-25-2008 04:10 PM
Oil Going to $100? Soultrader General Discussion 10 10-10-2006 06:47 PM
The Market Maker's Edge by Josh Lukeman Soultrader Books 0 09-14-2006 11:25 AM

All times are GMT -4. The time now is 07:34 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.