Avoiding boredom while trading

[9999]

Surfing elitetrader.com, of course.
Where else can you find some brilliant minds (ahem.. ), some nasty minds, and everything in between?

 

[Joab]

Quote from magicdust:

How do you do it?

How do you stay alert but not bored? What activities do you do during the trading day that don't conflict?

magicdust

Chat rooms are fun for me, ET has a good one with some good people in it.

 

[Midas]

Listen to music.

Maybe look at adding futures or stocks to the mix.

 

[Cutten]

You can't, there are always going to be boring times. One thing you can do is to research when the market is quiet. Set some price alarms in case something kicks off, then just stop watching the market and start doing something thinking about your methods, research, strategising, trading tactics and so on.

That's what I am doing now - I have on some positions but I am just waiting as they develop, so I am researching, looking on ET a bit, checking longer-term charts for other markets and so on.

 

[cabletrader]

Quote from gnome:

Gambling is all about "action".

Trading is all about "discipline".

Maybe trading isn't really for you.

Oh no, not that old 'we're not gamblers, we're traders' chestnut!

 

[bobblong]

When you are making money you do not mind being a little bored while waiting for things to set up for more money. On the other hand... when your money is being taken from you then you are bothered about the boredome because you are only waiting for someone to take your money again?

 

[ranger64]

I always have my headphones on, listening to classical music...

 

[Logged Out]

Quote from libertad:

gnome wrote

Gambling is all about "action".

Trading is all about "discipline".

Maybe trading isn't really for you.

...............................................................................................

These are excellent statements.

Gambling loses money.

Discipline makes money.

Not having discipline even when one has a good strategy,
declares the good strategy null and void which becomes
something else.

Anxiousness is a good strategy killer, avoid anxiousness
like the plague.

And when one truly trades for a living, discipline
becomes understood.

A setup that is seemingly close, may be entered because
of anxiousness, however one must wait till the
good method is fully exhibited.

Let it come to you, you do not go to it.

Making money , even if it were one trade per day,
is not boring. One needs to appreciate money.

What an excellent post!!

On a side note being completely serious
Ritalin helps quite well.