Too Much Screen Time Is Killing Your Trading

Aspen Trading Group

Well-known member
427 1
People often ask me –

How can you get up from your screens, grab a workout or run errands or worse yet….go to bed?!

It is simple – but let me ask you a question first.

Why can’t you get up from your screens?

The answer I most often hear is as follows:

- I need to make sure I protect my profits
- I was looking at some trading blogs and I saw another viewpoint
- My trading style demands me to watch the price action very closely

Allow me to respectfully dispel these ideas:

- Protect your profits – this is nothing more than I was up 50 ticks on this trade, now I am only up 23 – I need to get out. Who says the trend has changed – rarely does a trade go linear, it ebbs and flows.

- Trading blogs – why do you need to get an opinion on your trade AFTER it has been placed – do you not trust your thesis?

- Unless you are scalping 1-minute charts, staring at your screens adds no value – each tick against you actually triggers your brain to start thinking about what can go wrong – it plays on you and gets you to abandon your reason for getting into the trade.

These answers relegate the trader to be a prisoner of their screens, as it clearly indicates that the trader is not operating from a robust trading plan or as I call it – a framework.

If you do not have a framework you are compelled to manage and watch every change in prices thinking that that somehow puts you in control.

Nobody can control the market – you are kidding yourself!

Having a framework accomplishes the following:

- Increases your confidence in placing and staying with trades

- Provides an objective rule based approach

- Allows for freedom – get away from the screens – do other activities that actually get your brain ready to come back later refreshed and recharged

- Enhances your ability to stick with trends and capture the big dollars.

Do what every professional trader that trades for a living does - get yourself a framework.
 

Aspen Trading Group

Well-known member
427 1
"Unless you are scalping 1-minute charts"

Yes, some of us do just that.

Nothing wrong with that - that is how I started in the biz years ago....eventually though you move up the ladder and push your times frames out further and further with each passing year. Then it becomes scalable and far less time intensive.
 

Aspen Trading Group

Well-known member
427 1
Trading Quote of The Day
 

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neil

Legendary member
5,167 748
Trading Quote of The Day

This quote is indicative of the selfish and cruel attitude of people in the world today. Whereas the bible exhorts us to protect the weak and care for the ill, this quote exhorts us to take advantage of people - worse- to take advantage of the frail and weak in society(n)
 

tar

Legendary member
10,443 1,313
lol guys , its called "figure of speech" ....
 
M

member275544

0 0
lol guys , its called "figure of speech" ....

oh man and I've just gone out and bought myself a sniper rifle, and some bear traps to really lame the buggers before hand. Really these posts should be a little more literal!
 

x4x

Well-known member
465 61
"It may hide in the bush all week, waiting for just the right moment"

I thought Aspen was saying don't sit there all day, it seems they're now suggesting we sit there ALL WEEK :confused:
 
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bustech

Experienced member
1,595 41
"It may hide in the bush all week, waiting for just the right moment"

I thought Aspen was saying don't sit there all day, it seems they're now suggesting we sit there ALL WEEK :confused:

Hope he take's a packed lunch for the week.
 
 
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