Day Trader Stress

This is a discussion on Day Trader Stress within the Discretionary Trading forums, part of the Methods category; This may help... www.innerworth.com There's this e-mail article sent out every day on the psychological aspects of trading. Some days ...

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Old Apr 7, 2004, 5:16pm   #16
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This may help...

www.innerworth.com

There's this e-mail article sent out every day on the psychological aspects of trading. Some days it's dross, someday's there are a few nuggets. Free anyway.
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Old Apr 7, 2004, 5:22pm   #17
 
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Dealer's Itch is what you're suffering from
The "stress" is adrenalin. It just feels different between a profitable and a losing trade.
You've got to learn to walk away if you're swing trading.
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Old Apr 7, 2004, 5:24pm   #18
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Stress has been the last 2 days in the STIRS, nothing going on and I feel the need, feel the stress of quiet markets.......if the addiction cannot be controlled with the proven system then the monster that is the BOREDOM trade takes control of the mouse and starts punting....
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Old Apr 7, 2004, 5:37pm   #19
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zig..

Quote:
I absolutely bloody hate day trading, it's boring as hell, I stopped doing it a couple of years ago and swing/range trade longer time frames.
What instrument and timeframe do you trade?
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Old Apr 7, 2004, 7:54pm   #20
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Don't suffer from over-watchfullness as I used to (even as a swing-trader I was watching 1-minute charts!).

However, I do sometimes fall prey to Overload .

Nothing to do with how many things or how much you have to do, but just a sudden and inexplicable feeling of complete boredom with EVERYTHING!!!

All the things that you're passionate about, interested in and spend most of your time (voluntarily) researching and educating yourself in - suddenly - you really can't be ar*ed.

Definitely not stress. But a strange phenomenon all the same.

My only useful response to this when it does occur (which is rare, but all the more potent for it's suddenness and severity) is to haul myself off to bed and stay there until it passes.

Before the psychologists out there suggest depression - nope - I'm perfectly happy to be feeling this way because I know what it's all about.

You (we?) load ourselves up with inordinate amounts of data, processes, systems, connections, patterns, techniques etc (and that's just our trading side of our lives) and it gets to a point where the Unconscious side of our brains says 'Hang on a mo...time for ME to concentrate on all this newly acquired info, assimilate it and sort into something useful for you'.

8 hours sleep each night sometimes wont do the job. Lethargey (even physical illness in some cases) sets in and our brain forces us to quit. So it can do its work.

Stress, as pointed out in a previous post, means you're probably not trading correctly, or don't have a system that's automatic enough or your risk isn't being adequately handled for your personal risk profile etc.

Overload is to be welcomed. It means you're cramming to the max!
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Old Apr 7, 2004, 7:59pm   #21
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and if you're a day trader (like me) you've got to learn to keep your hands warm using your backside
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Old Apr 7, 2004, 8:13pm   #22
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Having a foul mouth with associated vocabulary helps a lot of day-traders in arcades. Nice to vent all the stress and frustration in the **** moment, in particular day trading. You should try it!
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Old Apr 7, 2004, 8:17pm   #23
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1. One of the advantages of trading stocks is that there are so many of them, there is usually something going down (or up!) somewhere. However, if you focus on just one or two shares or contracts, there are bound to be times where your style isn't suitable, so you've got to learn to keep your hands warm as RR says.

2. I personally think that to be successful you really have got to spend a LOT of hours for a LONG time learning and immersing yourself in the markets. It's no wonder that at times you're going to need a break. Thats why I think its essential to have other interests outside of trading to keep you focused when you need to be.
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Old Apr 7, 2004, 8:24pm   #24
 
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Not sure if this will work but its one of the alerts I have programmed in and it usually livens my day
Its an mp3 and plays thro real one player
Attached Files
File Type: mp3 *******s.mp3 (46.1 KB, 541 views)
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Last edited by Rognvald; Apr 7, 2004 at 8:33pm.
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Old Apr 7, 2004, 8:36pm   #25
 
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This one's quite good too
Attached Files
File Type: mp3 yes what is it.mp3 (23.5 KB, 463 views)
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Old Apr 7, 2004, 8:57pm   #26
 
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Quote:
I personally think that to be successful you really have got to spend a LOT of hours for a LONG time learning and immersing yourself in the markets.
So so correct BBB. That's what I have been doing for many many months and still not there. But I will get there.
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Old Apr 7, 2004, 9:09pm   #27
 
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Quite right regarding stress and day trading or trading in general.I tend to use a mental trick in that when the trade goes wrong i dont think of it as closing the position but as switching the trade and getting into hopefully a better one.
But the main thing is "when to hold and when to FOLD".
rgds
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Old Apr 7, 2004, 9:15pm   #28
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Rog -

love the "b******" one. Fan-bloody-tastic. had me roflmao
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Old Apr 8, 2004, 10:24am   #29
 
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Confidence up, stress down. With a little more zen-like confidence in our trading systems, then success comes. Reward yourself when it happens, so that you become more accustomed to feelings of success, we have a tendency to dwell on failure and to let the associated emotions dominate. It's all psychology. Stress is all about your emotions and you shouldn't have any when trading.

TheBramble
Do you eat alot of carbohydrates? Cut back, can ease depression.

darrenf
Uk Sectors, 60 mins charts, 2-10 day cycles.

I agree with BBB, another interest is helpful, ideally the opposite to this digital realm, get a race car, make something with your hands or even flower arranging if that's your bent.
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Old Apr 8, 2004, 12:04pm   #30
 
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hi guys
new to this...stress for me caused by deal 4 free taking up to 30 secs to fill(or not)!...strange coz until january they were quick...anyone suggest a good trading platform?
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