depression days trading

ElCubano · May 11, 2023

Capture your thoughts. Emotions are not you, the self just experiences those emotions. When you sit back into the self and just experience emotions letting them flow through your being then start trading again.

Nobert · May 12, 2023

moskvich said:
Trade (even if just to stay in the flow of the market and new opportunities), but use minimal postition sizing - if u make money, it will up your mood, and if u lose, u will be glad you sized down)

Amen.

Whenever i went with ,,This is it" idea, the position would go red another 50%.
And due it being the largest position, the whole portfolio suffers.

But, where in the past it was a whole portfolio-into such deal, then, later, four positions and ~15% each of net value and this time, it's only one and 12% of net assets.

PrestonRiver · May 12, 2023

Just take a break.
Do not trade and do not let these kind of emotions blow your mind.
After a good break, start by finding your mistakes and simply correct it.
Remember the fact that "Don’t worry about what the markets are going to do; worry about what you will do in response to the markets" according to Carr.

stonedinvestor · May 13, 2023

Have your dealer mark the bags "I" for Indica and "H" for Hybrid and "S" for Sativa.

This really helps.-

DO NOT SMOKE "I" FOR RESEARCH-!!! <-- VERY IMPORTANT.

Handle123 · May 14, 2023

Shouldn't have any emotions when you trade. Best to trade like a machine, have checklist of what is needed, then put trade on. Take the person out of the trade.

Businessman · May 15, 2023

Handle123 said:
Shouldn't have any emotions when you trade. Best to trade like a machine, have checklist of what is needed, then put trade on. Take the person out of the trade.

We are not Mr Spock or Data.

Some lucky traders will be naturally less emotional than others when it comes to trading and taking losses and giving back profits etc.

The rest of us will always feel lots of emotions when trading. Just have to learn not to act on them or let them interfere with trading.

kroxobor · May 15, 2023

PrestonRiver said:
Just take a break.
Do not trade and do not let these kind of emotions blow your mind.
After a good break, start by finding your mistakes and simply correct it.
Remember the fact that "Don’t worry about what the markets are going to do; worry about what you will do in response to the markets" according to Carr.

Brilliant advice, unfortunately many traders ignore this aspect of trading and commit a lot of silly mistakes like trying to sit out losses or exiting position too early, missing major movement. Also this is the underlying reason of reaction lag and missing good part of profits.

eleanorK80 · May 15, 2023

rb7 said:
I may sound like a broker record but, If you have a plan and follow it, your emotions and feelings shouldn't be a problem.
You shouldn't trade based on your emotions and feelings, but based on a solid trading plan with specific set of rules.
Bad trading on days when you feel bad is not a cause but a symptom.

Absolutely! You hit the nail on the head. Having a well-defined trading plan and sticking to it is key to managing emotions and avoiding impulsive decisions. Emotions can cloud judgment, so it's crucial to trade based on a solid set of rules rather than how we feel in the moment. Remember, if you're having a rough day, it's often a symptom of something deeper, rather than the cause of bad trading. Keep following your plan and staying disciplined!

eleanorK80 · May 15, 2023

Businessman said:
The hope is you don't do dangerous things like revenge trade with 5x size when auto trading while depressed. You would have to go in and modify the code to do that. There is still the risk of closing an automated trade early when you feel down and that could mean you miss a big win.

When manual trading you can do dangerous and damaging things to your trading account in many more ways.

Really depression is a bad state of mind for all types of trading. Because you cant easily come out of it on demand.

Lack of sleep is another bad state to be in on any given day for similar reasons.

yeah I know Trading under emotional states like depression or lack of sleep can be risky, leading to impulsive decisions and potential account damage. Prioritizing self-care and maintaining a balanced mindset is essential for successful trading.

eleanorK80 · May 15, 2023

maxinger said:
When you have depression (horrific negative emotion),
most likely your other opened trades are making a very huge loss.

I'd flatten the position.
Then smash the computer / smash someone (with a rubber hammer) /
go exercise .....

Then come back to trade when the emotion is neutral.

It's crucial to prioritize mental well-being and take a break from trading during moments of depression to avoid impulsive actions that could lead to significant losses.