As OP mentioned, more trades mean more learning experience.
Not trading puts the brain to sleep.
Advantage of looking at your trades as a Sequence vs one shots
- Thread starter KCalhoun
- Start date
Not trading puts the brain to sleep.
That's the OPs business. He teaches trading. If he were trading for a living I would expect he would do things differently. He makes his money demonstrating how to trade.
One of the heading in my trading plan is "why I am trading". At one time it was for entertainment and education but as time has progressed it has become to fund my lifestyle.
The trick is to learn from your mistakes. If you stop making the same mistakes, trading eventually becomes boring. That's where I want to get to.
Agreed, however when stuck at home trading being your primary source of income, sitting on a lonesome SPY position would force one into a prison cell type mentality.
The alternative is find something else to entertain your mind, so, why not trade more frequently?
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Maybe;
but not likely he would stop looking @ trades as a sequence.
NOT sure trading ever become boring;
but swing or position trading is less thrilling than daytrading, maybe that'$ your goal??
If what I'm doing is trading, buying stocks that have momentum, cutting losses and waiting for exit signals on profitable positions, then yes it becomes boring. My goal is to make money. I can exist quite well without thrilling or exciting being in my vocabulary. If I need thrilling or exciting in my life I'll hire her.
As for what Ken might do, He'd probably stick with what he's doing right now because that's what he believes. Whether he'd be able to make a living just trading is another question. I believe he could as he seems quite disciplined but that has not been proven.
It's not about thrills or excitement but entertainment = 'having an occupied mind'.
If you don't wish to occupy your mind then what else is there in life?
If all you want is trade or hold SPY, then perhaps go fishing in spare time.
But fishing will burn up money. Fishing from the beach will get you nothing.
I play fetch with myself. Well some people call it golf. It involves hitting a ball as far as you can then going and finding it and hitting it gain. Challenging rather than boring.
I fish rivers and lakes. Or rather I sit in a boat or on the banks of a river and drink beer with a few well chosen acquaintances. Fish although they taste good are a nuisance as they cut into the drinking time.
I go camping. I pretend I'm homeless and spend the night in a tent sleeping on the ground when I have a very comfortable bed at home.
When I reach a state boredom that seems unbearable I post on ET.
Interesting observation, I am trying to learn to day-trade Apple and when I trade the full day I will have over 100 RT trades so that is a lot of learning experience.
Impossible to scale in with short term scalps like that.That's what she said.
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OK;
IF someone does SPY, fine to sit on that one LOL. May want to add some inverse ETFsX 3 times sometimes.AS far as ''one shot'' tha's the main way i hunt deer; but i tend to carry 20shots of .30-06.But have more in storage+ .22 + .38 + 12 gauge....................................................
, .22 comes in 50 round/500 round boxes