Boredom

[feenix]

Day traders are familar with the tendency for markets to trade in a narrow range for quite some time and then suddenly break out. This results in the day trader having nothing much to do for periods of time and then a rush of action. I find this a problem, having sat in front of my computer for a couple of hours and made a couple of small trades, I get bored and go out for a walk or down to the pub. When I get back, I find that I've missed the best trade of the day.

How do other traders deal with this ? I've tried listening to the radio, playing CD's and playing freecell, but I still get bored. Any suggestions would be gratefully received.

Feenix

 

[shadowninja]

Use orders then go for a kip.

I solely place orders nowadays. Much more profitable, too. I let the market come to me.

 

[Mr. Charts]

feenix,
That depends on what you're looking at.
Day trade US shares.
You can always find something moving well and profitably.
Simple.
Richard

 

[fibonelli]

Hi Feenix,

If you focus on a small basket of easily understandable instruments, you should be able to reduce the amount of time waiting for high probability setups to appear. See my signature below.

 

[Masquerade]

Trade the range? Or choose a different style of trading to suit your lifestyle.

 

[Mr.J-Arthur]

Look at a wide view of commodity products! Always hot it seems.

If all else fails, get a 2nd system up to unleash your inner-gamer. I enjoy Rome Total War which is a blast...and nothing beats a good first person shooter such as Counter Strike Source. You can monitor the markets while playing on-line. Or get some weights to relieve stress. Invest in your body and stay sane!

 

[westernforce]

feenix, stop going to the pub during trading hours, trading pissed is not a clever way to trade.

Look at areas where you may get interested in a trade, set an audible sms alert and then do something constructive.

Better yet, expand your horizon to incorporate more markets.

 

[Splitlink]

Trade the range? Or choose a different style of trading to suit your lifestyle.

He likes pubs. What kind of trading goes with that?

 

[Mr.J-Arthur]

Trading the dollar (or euro) for a nice cold one!
Haha

 

[BSD]

Audition girls for strip clubs.

Angel Eyes
YouTube - ABBA - Angeleyes [The Video Footage]

 

[KillPhil08]

watch-movies.net
eve-online.com
surfthechannel.com

etc etc.

 

[westernforce]

feenix, trading is a serious business, so treat it as such.
Like any business, you need to set yourself some sort of "working hours" and then work those hours.

Boredom can creep in but use the time not actualy trading to find potential opportunities in the markets, do some research or other such activities.

 

[ftse1001]

I only trade 'til lunchtime (1pm) and then I get on with renovating this f**king house I'm in, so boredom is not a big issue.

My system only throws up 2 or 3 trades a day (with loud alerts) so I can usually finnish a couple of books a week and manage to watch a bit of Sky TV (Dave mostly)

Sometimes the audible alerts will wake me and I'll fall off my chair.....

 

[the blades]

Day traders are familar with the tendency for markets to trade in a narrow range for quite some time and then suddenly break out. This results in the day trader having nothing much to do for periods of time and then a rush of action. I find this a problem, having sat in front of my computer for a couple of hours and made a couple of small trades, I get bored and go out for a walk or down to the pub. When I get back, I find that I've missed the best trade of the day.

How do other traders deal with this ? I've tried listening to the radio, playing CD's and playing freecell, but I still get bored. Any suggestions would be gratefully received.

Feenix

have you read the "9/11 third tower" thread. There's a dream world out there that ensures the world we live in doesn't seem as dull as the reality is.

I think the boredom you describe is the birth place of conspiracy theories.

UTB

 

[trendie]

bored, bored, bored.

there must be better ways of passing the time than playing video games, or winding up people on other threads?

nice morning, but now trendless for me for EJ and EU.
and GU is doing some spikey stuff, so on the sidelines for the moment.

 

[neil]

mental excercise

bored, bored, bored.

there must be better ways of passing the time than playing video games, or winding up people on other threads?

nice morning, but now trendless for me for EJ and EU.
and GU is doing some spikey stuff, so on the sidelines for the moment.

Try reading "War and Peace" in French

 

[Bolimomo]

Day traders are familar with the tendency for markets to trade in a narrow range for quite some time and then suddenly break out. This results in the day trader having nothing much to do for periods of time and then a rush of action. I find this a problem, having sat in front of my computer for a couple of hours and made a couple of small trades, I get bored and go out for a walk or down to the pub. When I get back, I find that I've missed the best trade of the day.

Make a commitment to stay with the screen(s). It is your job. You are just looking for excuses to sleep at your job.

One way is to set stop-buy/stop-short orders for entries outside of the tight range. If you can set bracket orders, enter the buy-entry-and-stop and short-entry-and-stop orders to protect yourself. And have the audio alerts on to alert you of a fill. Then you can open an Internet Explorer to do some light readings while can still keep an eye on the charts.

The "breaks" during doldrums hours have a high chance of failure. I would not rely on it too much. The best is taking the break-out/down when approaching the late afternoon power hours (e.g. 1:45 pm EST in the USA).