Drinking vodka and trading

[sculptor66]

Drinking Vodka is only recommended for trading the Russian market.

If you're playing the US markets, stick to bourbon (if you're a conservative) or Californian chardonnay (for liberals).

For sim and paper traders, the drink of choice is a glass of hot milk with honey, served by your mom.

 

[Hollywood101]

Quote from sculptor66:

Drinking Vodka is only recommended for trading the Russian market.

If you're playing the US markets, stick to bourbon (if you're a conservative) or Californian chardonnay (for liberals).

For sim and paper traders, the drink of choice is a glass of hot milk with honey, served by your mom.

A California Riesling on occasion mid trading day 9-11 am pst

Sometimes when I am real tight , nothing like a strong screwdriver with your eggs.

 

[pspr]

Are you guys all members of DDAM? (Drunk Drivers Against Mothers)

 

[Bob111]

Quote from CrazyBoy:

Do you find that drinking vodka whilst trading tends to provide you with a bias towards a bullish market outlook or a bearish outlook.

I'd be very interested to read further analysis/input by other traders who drink vodka during working hours and how you feel about this subject.

Obviously too much isn't helpful... Personally, I find that drinking 1/4 to a 1/2 a 70 cl bottle during the pre-market session creates a very bullish mentality/sentiment.

This is a serious question.

after 1/2 of 750ml bottle of vodka (specially @ 9am)i would do anything but trading
vodka is fun to drink(half of the bottle is no biggie),but i don't like the "delay" part.it's hit's me @ full power 3-4 hours after i finish it...

 

[oraclewizard77]

Drinking while trading indicates that you are having problems with identification of your setup and trust that it is a high probability trade. Instead you are gambling, and you drink to because you are not at peace with the amount of money you are risking per trade.

 

[rcj]

Cheers ...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3034163>

 

[Arthur Deco]

Quote from oraclewizard77:

Drinking while trading indicates that you are having problems with identification of your setup and trust that it is a high probability trade. Instead you are gambling, and you drink to because you are not at peace with the amount of money you are risking per trade.

Au cuntraire! I update the optimizations of my systems weekly. To the extent that anything can be said to be statistically significant in the markets, my results are. I am comfortable with them to the point of boredumb.

 

[Hollywood101]

Quote from oraclewizard77:

Drinking while trading indicates that you are having problems with identification of your setup and trust that it is a high probability trade. Instead you are gambling, and you drink to because you are not at peace with the amount of money you are risking per trade.

Sometimes that is very true.

Quick story: In fourth grade . My teacher thought it would be a neat idea to get a pinata for our class ( all three 4th grade classrooms participated). So we go to the gym ,1 kid is selected through a raffle to wield the stick. He pounds & pounds on the pinata & finally it burst. More like punctures it. The candy starts streaming out. Everybody dives on the gym floor for the candy. I weave through the bodies & grab whats left of the donkey & about 2/3 of the candy and break out like Barry Sanders.

Needless to say the teachers made it a point to vilify me , in front of everybody.They made me share all of the candy. My first taste of socialism.

Point: That is how I trade. Feels like gambling sometimes when you lose. But when you get it right ,its aggressive brillance at its best. The set up is key !

 

[the1]

So taking away the vodka means we aren't witnessing THEE bull market of all time?? Or is it your perception of THEE bull market of all time changes when the vodka is revoked?

I got a better idea. Put in some long hours and study you ass off and learn to read the markets without mind altering substances.

Quote from CrazyBoy:

With all due respect, I'm not altogether certain of what you are trying to establish with your question? I'm not familiar with your system, or how you define probabilities etc.

My question is quite simply asking how drinking vodka (within proportion, not over doing it) affects the psychology of a daytrader.

This is a very important question considering we are witnessing what could potentially be THE bull market of all time.

 

[Hollywood101]

Quote from the1:

So taking away the vodka means we aren't witnessing THEE bull market of all time?? Or is it your perception of THEE bull market of all time changes when the vodka is revoked?

I got a better idea. Put in some long hours and study you ass off and learn to read the markets without mind altering substances.

No coffee or red bull either ?

Caffeine is mind altering too.