Obsession with trading and the markets. Does it get better or only worse?

We mom and pop amateur retails do not make money everyday. We are plebs, not royalties. :D:p:vomit:

:D.

The only "traders" who make money every single day are the HFT algos, by front running customers one penny at a time via the so called dark pools.

Entire books have been written on that rather disturbing subject, Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market, for example
 
The way I handle it;
In Australia there are a HUGE amount of listed mining companies, many are gold, then there's iron ore, lithium, copper, nickel, but the predominance is gold. So in a way, the ASX has a niche in the world on unique type stocks.
My wife is Asian and prior to being married she had a several year live in relationship with a geologist.
Anyhow my wife enjoys trading and geology research.

A typical trading day for me starts with me scanning ASX announcements prior to market open while eating breakfast, it's relaxing, no stress, no hurry, no pressure.

The market opens and I have 2 laptops running, what I'm watching out for a large moves, again, I'm not under any stress or pressure, because I'm just observing, mainly out of boredom and because it fills my day.
Whether a large move(s) happens or not in actual fact is rather inconsequential, I'll explain.

95% of the time I won't take any trades, I'll watch for maybe 30 minutes, then either walk out or drive for coffee, this kind of breaks up the trading day.

When I get home I'll look again at what's moving and then do some reasearch on Co's.

My wife loves gold stocks and she has a terrific memory, so we may discuss certain companies while she's pottering in the kitchen, typical Asian, loves cooking. :)

Most of my day is scanning and researching and going into my back garden to tend plants or fish or try and spot one of several frogs hiding in the greenery.

I'll take a trade most often near the end of a day when several stars have lined up.
Good fundamental story of great future prospects, relatively new breakout situation, my algo is on one laptop giving me signals.

If a new trade over the next few day fizzles out due to lack of market interest, I'll most often dump.
I look to hold trades which kind of jump out the gate like you see at the races, the stocks have to propel, not languish.

Sometimes I'll take a day trade when something goes ballistic right on open, but it's a seldom event.
:thumbsup:

Sure beats working in those gold mines. Pay's better too. :)
 
95% of the time I won't take any trades

Congrats, very few traders can do that: not trade and simply wait for a really good trading opportunity!

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!"
(Legendary trader Jesse Livermore)
 
When I transitioned from day trading to swing trading that helped quell the obsession somewhat. So for me, switching from immediate gratification to delayed gratification helped. As did locating my workstation with the trading front end behind me in my office layout.

Hi all,

I've been following and trading the markets on/off for over 10 years now. Strangely, I seem to not be losing interest. If anything, it's getting worse.

I mostly day trade ES. Recently started trading the ETH session, too. So it's becoming a bit consuming. Either I'm trading or I'm doing trading research/reading. If I'm swing trading stocks - I usually check the quotes constantly there too.

Balanced life?

Trading is pretty much the last thing I think of when I fall asleep and the first thing on my mind when I wake up or when I wake up in the middle of the night (checking quotes, etc.)

The only time I seem to really unwind is on weekends when the markets are closed.

How's this for the rest of you guys? Especially those who've been doing it for a long time?

Maybe it gets 'better' eventually, but I see no signs of it so far. It's an all consuming lifestyle. And in some ways it's getting stressful.

Regards.
 
Legit group was stat arb,mean reversion/hft rarely had a down day..

I just googled the other fellow..Looks like he didnt do jail time,just got hit with a 600k penalty and is miraculously managing money in Geneva..

The members of the "legit" group did not go to jail because they did not get caught (and/or were connected in high places), perhaps...? :cool:
 
During the week you go to sleep thinking about the market and wake up thinking about the market. On the weekend you rest. Where is the obsession part?

In my previous profession my mind was constantly on my work too, but I didn't have weekends off.
 
When I was a wage slave, every week I'd say TGIF. (Thank God it's Friday).
Now I say TGIM.
Weekends are too long and they should ban all public holidays cause they also shut down trading then.

Heh, depending on where you are on an equity index future swing trade, it becomes OSISA). (Oh Shit, It's Sunday Already.)
 
Just as a data point. I day traded for 7 years, ES, YM, NQ, ZN. 1/2 days or 12 hours. 5 days a week with 1/4 days on weekends. All live, broke even after commissions. Took a break and did real estate development. Came back did swing trading for 7 more years, sectors, baskets, breakouts etc. Made money, but not enough to keep my interest. Took a break for 3 years. Back now doing day trading on paper only. Been doing, since 2018 Jan. Had a hand full of false starts during that time. Now, system is looking ready. Trading 2-4 hours a day and doing physical things the rest of the time. I do very little swing trading but might do more. Had one stock for last 12 months.

All things being equal, things are better and different now. Markets change, e.g. ES, and technology is much better and reliable. So much less hassle keeping hardware working and connections stable. Paper trading is MUCH better. TS used to "simulate" where you could be BUYING, and get an instant fill on the bid.

PS: was actually here as Luto. I shudder to look back on what I had posted!
 
Hi all,

I've been following and trading the markets on/off for over 10 years now. Strangely, I seem to not be losing interest. If anything, it's getting worse.

I mostly day trade ES. Recently started trading the ETH session, too. So it's becoming a bit consuming. Either I'm trading or I'm doing trading research/reading. If I'm swing trading stocks - I usually check the quotes constantly there too.

Balanced life?

Trading is pretty much the last thing I think of when I fall asleep and the first thing on my mind when I wake up or when I wake up in the middle of the night (checking quotes, etc.)

The only time I seem to really unwind is on weekends when the markets are closed.

How's this for the rest of you guys? Especially those who've been doing it for a long time?

Maybe it gets 'better' eventually, but I see no signs of it so far. It's an all consuming lifestyle. And in some ways it's getting stressful.

Regards.
The market is bores me because I already know everything I need to know about it.
It bores me like driving a car bores me.
I already know everything I need to know about driving.
If you're still obsessed it means you still not there.
 
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