How does day trading affect your health?

This is a discussion on How does day trading affect your health? within the The Foyer forums, part of the Off the Grid category; Oi Sandra, who was it who needs help ? Me or Chumpy ?...

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Old Jun 11, 2005, 10:41pm   #41
 
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Oi Sandra, who was it who needs help ?

Me or Chumpy ?
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Old Jun 11, 2005, 10:43pm   #42
 
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ooooh er buddy, glad you edited that one ;-)))))
I always thought "Dick" was a compliment ;-)
BTW, why do so many Yanks call themselves, "Randy" ?
" Hello Miss, I'm randy" must be a great opening line.
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Old Jun 11, 2005, 10:45pm   #43
 
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It was actually aimed at Sandrab before I cottoned on to the fact that she is not a bloke Richard.

It surely was not aimed at you my friend.
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Old Jun 11, 2005, 10:56pm   #44
 
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Even if it had been I would have accepted it in the spirit intended, my friend ;-)

BTW There have been females on this board who were actually males...............so watch yourself ;-)
Don't ask!
Richard
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Old Jun 11, 2005, 11:06pm   #45
 
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hey salty ..........tell the truth to charty.........u full of that weed stuff...........
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Old Jun 12, 2005, 1:10am   #46
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Quote:
Originally Posted by Salty Gibbon
I have it on good authority that Socrates actually trades according to intergalactic time frames which are inversely proportional to the length of his dic k.

Jeez that short?
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Old Jun 12, 2005, 1:29am   #47
 
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Funny you should say that, usually the main bulk is done before breakfast and then the rest of the day is free and dedicated to amusement, unless there is something going on that merits attention.
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Old Jun 12, 2005, 2:04am   #48
 
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Quote:
Originally Posted by sandrab
socrates

tell me something - do u trade intraday or a longer time frame?

sandrs
The most important thing you have to do in trading is not to force.

You have to trade in harmony with the rythm of the instrument that you choose.

The market imposes that rythm and not the trader. The trader has to be available to take advantage of opportunites as and when they present themselves.

Futures and Shares require different techniques for this reason.

Trading in Futures can be over in minutes, and frequently is, you need to have very fast reflexes. I find them very challenging and exciting.

Shares I treat differently. I like to get tucked in early as a stong holder and then let them perform over a few days or weeks. If I miss the starting line, I never chase.

I am not an advocate of holding many stocks at the same time. 4 to 8 is usually enough, for Blue Chips, which I like, because they have a ready market with narrower spreads than you would find in Second Line shares or marginals.

Blue chips also have the advantage that they are perfect for covered call writing, and stock lending operations for example, whereas the others are not.
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Old Jul 5, 2005, 6:20pm   #49
 
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Salty Gibbon

Come down from the tree and talk to us. We all r missing U.

"As If" ............

sandra
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Old Oct 28, 2005, 10:08am   #50
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Just as an addition to the very valid points above, having a conservative and disciplined position sizing method is absolutely vital to low stress levels.

I currently trade with a size and stop ratio that ensures I can't lose more than 0.75% of my account on any one trade. If I want a wide stop I just reduce the size to ensure I stay within this limit.

If I stick to the above I can pretty much relax knowing that my account is safe regardless of the outcome. When I was learning this business, nearly every time I got into trouble it was due to doubling up positions or trading up to my maximum margin.

Even now, on the rare occasions when I place larger positions than I should, this is when I'm sitting and sweating !
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