Day Trader Stress

This is a discussion on Day Trader Stress within the Discretionary Trading forums, part of the Methods category; Originally posted by TheBramble However, I do sometimes fall prey to Overload . Nothing to do with how many things ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 8, 2004, 1:14pm   #31
Tun
Joined Mar 2004
Quote:
Originally posted by TheBramble

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.
Interesting you say that, I get a similar thing. The majority of my time is spent learning, creating, improving. When I'm not at work I'm either reading, learning something about computing, programming a new app, reading about trading, exercising. I do all of these things enthusiastically, jump out of bed with a spring in my step looking forward to achieving things. Kinda look at time spend lounging about as wasted time.

But then every now and again, I'm just numb to it. I don't want to do anything, and can't really concentrate on anything. Odd really, seems like watching a film would be too much hassle, reading a book more so. Like you I just invariably end up sleeping.

I've always put it down to overload rather than depression. I've got no reason to be depressed, only the day before I'd been looking forward to everything, then after I've slept it off and relaxed for a bit everything is back to normal.

I think even on my busy days I'm going to have to force myself to take a break. Do something mindless. I put it down to a personality type rather than anythng like depression. Just the type of person I am, not very consistent, I'm all or nothing.
Tun is offline   Reply With Quote
Old Apr 8, 2004, 2:15pm   #32
 
strewthmate's Avatar
Joined Aug 2002
Dreams

TheBramble:

Some of the latest theories on sleep see the REM period and dreaming as a time where we can release unexpressed emotions arising from our actions and thought from the previous day.

So for example if you had a blazing row with your wife before going to sleep BUT got everything off your chest, you would probably have a sound dreamless nights sleep.

However when trading we're confronted with so many emotions that cannot always be expressed. As such we might get overloaded and our brain needs to release or act out the emotions during sleep in a dream.

Sleeping lots doesn't necessarily mean you are depressed, but its a similar process. Depressed people often have negative ruminations and go over negative events and thoughts in their head, creating unexpressed emotions. Depressed people often sleep a significant amount and wake up feeling shattered, because there's too much for the brain to deal with during sleep.

Basically as you've said, it's your brains way of sorting itself out. Having a more balanced life. As already suggested, leading a more balanced life is the best solution. The right "balance" depends on our own personality type.

"stress" is defined as being in a situation where that exceeds your ability or perceived ability to cope. This is different to the obvious excitement of feeling in control leading to the almost zen like state of 'flow' where you feel totally in control of the situation.

When it comes to anxiety there a few steps you can take. Albert Ellis has written some good stuff on this topic. He talks about there being 12 common irrational thoughts that lead to anxiety and unhappiness.

Basically we're usually guilty of the following:
1. ignoring the positive,
2. exaggerating the negative, and
3. overgeneralizing.

Some of the 12 most relevant to trading are:

5. The idea that if something is or may be dangerous or fearsome we should be terribly upset and endlessly obsess about it -- instead of the idea that one would better frankly face it and render it non-dangerous and, when that is not possible, accept the inevitable.

6. The idea that it is easier to avoid than to face life difficulties and self-responsibilities -- instead of the idea that the so-called easy way is usually much harder in the long run.

8. The idea that we should be thoroughly competent, intelligent, and achieving in all possible respects -- instead of the idea that we would better do rather than always need to do well and accept ourself as a quite imperfect creature, who has general human limitations and specific fallibilities.

9. The idea that because something once strongly affected our life, it should indefinitely affect it -- instead of the idea that we can learn from our past experiences but not be overly-attached to or prejudiced by them.

10. The idea that we must have certain and perfect control over things -- instead of the idea that the world is full of probability and chance and that we can still enjoy life despite this.

Have a look at:
http://www.mindtools.com/
http://www.ship.edu/~cgboeree/ellis.html

Hope that helps

Dave
strewthmate is offline Commercial web site   Reply With Quote
Old Apr 8, 2004, 2:25pm   #33
 
neil's Avatar
Joined Nov 2001
Research showed that people in a nursing home that stroked a pussy, or other pet, reduced their stress levels enough to affect their health in a positive manner.

So stroke a pussy, or a dog. You know it makes sense.
__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Old Apr 8, 2004, 2:33pm   #34
BBB
 
BBB's Avatar
Joined Dec 2003
I've stroked a few dogs in my time. I didn't feel better at all. My mates just laafed at me.

You can include pigs in that as well.
BBB is offline   Reply With Quote
Old Apr 8, 2004, 2:35pm   #35
Joined Jan 2004
A nice pussy beats a dog any day of the week.
Dow Dog is offline   Reply With Quote
Old Apr 8, 2004, 2:42pm   #36
 
neil's Avatar
Joined Nov 2001
Quote:
Originally posted by BBB
I've stroked a few dogs in my time. I didn't feel better at all. My mates just laafed at me.

You can include pigs in that as well.
You don't live in Wales among all them sheep do you ?

__________________
neil
....Indicators show the past. Price Action "Indicates" the future.
neil is offline   Reply With Quote
Old Apr 8, 2004, 2:45pm   #37
BBB
 
BBB's Avatar
Joined Dec 2003
..on a more serious note, why not just take a break when you experience too much stress.

One of the reasons I trade is to avoid the 9-5 and spending the best years of my life working to make someone else rich.

I dont trade every day at all. I dont feel the need to. I think we are brought up with this 'I must work all the hours God sends' rubbish. Although you've got to put the hours in at the start (probably more than any other profession), later on, you don't necessarily have to trade all the time. Wait for your trade. If the market isn't doing anything or you dont like what you see - do something else. It beats losing money as your ego starts to tell you 'YOU MUST WORK'. If you want to be busy busy busy, go join the 9-5 lot, get on a smelly cramped tube every day blah blah blah.

Trading = freedom! Its supposed to be enjoyable (ok it can be boring at times). Forget the money. Go for quality of life (sure money helps here, but I know people who are very happy, yet dont have a pot to urinate in. Good for them!)
BBB is offline   Reply With Quote
Old Apr 8, 2004, 2:45pm   #38
Joined Jan 2004
You can't stroke pigs. You might get locked up.
Dow Dog is offline   Reply With Quote
Old Apr 8, 2004, 3:20pm   #39
 
Mr. Charts's Avatar
Joined Sep 2001
maximum method + maximum self discipline = minimum stress
__________________
Mr. Charts
Full time US Share Trader
Follow me on Twitter twitter.com/MrChartsJoyson

Contributor to T2W's Trading FAQ Book
http://www.trade2win.com/books/trading-faqs

T2W interview

http://www.trade2win.com/knowledge/a...ichard-joyson/
Mr. Charts is offline Coach/Trainer   Reply With Quote
Old Apr 8, 2004, 3:30pm   #40
Joined Jan 2004
Quote:
maximum method + maximum self discipline = minimum stress
This I like - I shall type it up in nice big font and put it up on the wall in front of me.
Dow Dog is offline   Reply With Quote
Old Apr 8, 2004, 4:08pm   #41
 
Salty Gibbon's Avatar
Joined Aug 2003
Richard, did you tend to get stressed before you were finally able to solve the equation ?
Salty Gibbon is offline   Reply With Quote
Old Apr 8, 2004, 4:31pm   #42
 
Mr. Charts's Avatar
Joined Sep 2001
Salty,
Yes, I did.
Any further depth off-line please, Salty.
Have a great w/e
Richard

PS I wasn't going to mention this here on t2w, but it is actually relevant. I got the move on IPIX this afternoon and there is no way I could have sat through that gain without the method and the self discipline - am I glad I was trading this afternoon and not coaching ! ;-)))
__________________
Mr. Charts
Full time US Share Trader
Follow me on Twitter twitter.com/MrChartsJoyson

Contributor to T2W's Trading FAQ Book
http://www.trade2win.com/books/trading-faqs

T2W interview

http://www.trade2win.com/knowledge/a...ichard-joyson/
Mr. Charts is offline Coach/Trainer   Reply With Quote
Old Apr 8, 2004, 7:15pm   #43
Joined Jul 2003
Quote:
Originally posted by zigglewigler
TheBramble
Do you eat alot of carbohydrates? Cut back, can ease depression.
So you're saying I'm too fat as well as depressed now are you...

(Right, I'm back off to bed...again...)
TheBramble is offline   Reply With Quote
Old Apr 8, 2004, 11:53pm   #44
 
zigglewigler's Avatar
Joined Sep 2003
Sorry Bramble, I know you're a bit fragile at the moment, so I really should have chosen my words more sensitively, instead of implying your are a lardy cake.

I cut down on carbs a year ago to stabilise my blood sugar levels, the unexpected benefit was that I completely lost the blues, the stress now just never gets me down, I even laugh at my stupid trades. Alternatively this could be a sign of madness and I might soon be sectioned.
__________________
Luck is not a strategy.
zigglewigler is offline   Reply With Quote
Old Apr 9, 2004, 6:56am   #45
Joined Jan 2004
It might be a good idea to get sectioned.

You might find some great traders in there.
Dow Dog is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day to Day life of a trader. lususnaturae Trading Firms 8 Apr 15, 2011 12:37pm
Day to Day life of a trader lususnaturae Home Trader 7 Mar 12, 2011 9:47pm
Stress and Trading ivorm Home Trader 12 May 4, 2006 1:52am
+1000 without stress ForexSimple Forex 10 Jun 27, 2004 11:22pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)