Do you find day trading exhausting?

[ElecEquity]

Quote from NY0BScalper:

At the end of the day I can often be quite tired mentally. It's very engaging and stimulating, which consequentially takes a tole. I like to have a beer and lie down to watch TV and just "zone out" for about an hour after the market is over in order to recharge. I'm very young and I love this game more than anything. On a very active day in which I trade over a million shares I tend to find myself very exhausted at the day's end.

I've never traded 1 million shares before in a day, but I've had some 2-400k share days and those are the days where you leave the floor feeling like you really, really, worked hard.

 

[rodmike9]

Quote from Hello:

I used to find it exhausting in this market, then i found a butter knife and I pried the F1-F6 keys out of my keyboard, (those were my sell keys) It seems to be much less of a struggle now.

LMAO

def the funniest thing i have read in a while

One important lesson (i continue to learn) is to minimize your exhaustion by selecting the most opportune time to trade. The lack of volatility in the current mkt environment makes this practice very difficult. However, if you do your homework and know that history (human nature) is repetitive, opportunities will be there for those who are patient.

Objectivity, an awareness of some relative absolute, is vital for any trader......person, imho

 

[Handle123]

Quote from ksmetana:

Every day is exciting, you could make more money TOMORROW than you ever have in your life.

I lost the excitement ages ago, losses become more of an annoyance than anything else. It has just become a numbers game, like playing Pacman over and over, roughly the same patterns, but there are many different patterns. About the only close excitement is seeing a pattern that may only come up 5-6 times a year. Yep, almost time to retire from day trading end of April, want to spend more time in longer term trading where reward to risk is much much greater. It is funny, you stay in this business long enough, do mountains of backtesting, one finds most hours spent day trading with least profit per contract, and trading longer term, much less hours spent produce larger profit per contract with less risk.

Have a fine weekend all.

 

[regento]

Quote from NoDoji:

And this is occurring because...

A)...you're trading without protective stops and/or averaging down?

B)...you can't bear to take a loss until a huge chunk of your account is wiped out?

C) ...you're leveraged to the max and if your stop loss is triggered, the slippage alone could wipe out a huge chunk of your account?

:eek:

trading for one week, i don t think he s already into a trading plan !

first is lose it all as everybody, then start again with some plan ! lol

 

[startraitor]

Yes, it is worse than cleaning bathrooms and digging ditches.