Dude, do us all a favor and go back to daytrading. Otherwise, you're just gonna go around the circle with this nonstop.
Sleeping issue with day trading, Should I continue?
- Thread starter doubledoubledoublecup
- Start date
Only eat when you're hungry, and only sleep when you're tired.
Write that down. The formula for long life and success. The less of both, the better.
~vz
Stop blaming it on Al Brooks, each trader needs to develop his own trading style, Al Brook's trading style is not responsible for your inability to sleep.
Most people start trading in order to improve their quality of life, and then they end up being stressed.
You have to decide whether you want to trade for drama/stress or to improve your quality of life. If sleep deprivation and stress is congruent with how you want to live your life, then continue doing it. However, (your health aside), the problem with that is that good traders live balanced lives. Hollow life and successful trading does not work long term. (obviously there are some exceptions to everything).
Regarding your stops, candle watching is not PA trading. Good PA traders who combine PA with the market structure (and its nuances) can trade ‘from zone to zone’ with 'set & forget' approach and can come up with trading setups that should answer the following:
- Where price should move to
- How price should move to the target
- When price should start to move to the target
There are other markets than ES to increase the frequency of trade opportunities, and so you can trade higher TFs for eg. H1, and H1 does NOT move that fast, and so there is no need to baby-sit it. Most traders actually would do better with ‘set & forget approach’, rather than micromanaging (screwing up) things.
I’d recommend you to stay away from scalping, because as everyone knows, it is easier to trade higher timeframes, and yet you don’t seem to have the skills to come up with trading methods on timeframes like H1, or H4 (which would let you sleep), so it seems to me like you’re transferring your own issues onto the market.
I used to transfer my own issues onto the market, and I used to go in circles myself, until I’ve identified what exactly I wanted from the markets (quality of life vs drama) and what were my obstacles (I needed to upgrade my skills instead of blaming it on other things).
I had to become honest with my own weaknesses and I had to DEAL with it. Do the same, and your results and quality of life should improve.
How is that not daytrading and why does it bother you? I thought this is a discussion forum and you can to choose what you want to see and reply.Dude, do us all a favor and go back to daytrading. Otherwise, you're just gonna go around the circle with this nonstop.
Thanks for the long reply. Actually I didn't blame Al Brooks and I like some of his ideas, I implement them into trading. Market structure is the first thing I look at in trading, but in term of managing risk, I like my level to reject or at least show some kind of strength after I enter the market and that's why I need to read real time action at the moment, and I also have time stop for my trade. Sometimes it takes multiple tries for me to finally pick a top or bottom reversal, but that's just my trade style. I try not to argue about trading method now since I think arguing about trading is like arguing about their culture belief, it almost never end well.
But yeah, I am going to find a more balance trade schedule and trade management method to make my body happy and make money at the same time.
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Get some Ambien CR. It helped tremendously. Then my doctor ceased prescribing it to me about a decade ago, because of some bullshit about risk of addiction. What's worse needing Ambien or being a walking zombie?
I've recently attempted to change my sleep schedule to try scalping during RTH. I had to stop because it was just brutal. So, now, I have to go to the overseas market to get Ambien so that I can force my sleep cycle to change.
I've recently attempted to change my sleep schedule to try scalping during RTH. I had to stop because it was just brutal. So, now, I have to go to the overseas market to get Ambien so that I can force my sleep cycle to change.
Going to have to fix my trading hour schedule to get some relexing sleep. After I did larger TF trading style for a while, I actually find scalping more relaxing since your risk in the market is only in seconds or minutes, but the downside is you rarely get big homerun trade.
Welcome to the club, use inhalers for better sleeping.
I have the same reasoning. It sucks to wait 20+ days to get paid. I've been looking into either Axia Futures or Gary Norden's course. Nevertheless, my goal is to migrate to day trading, or at least incorporated into my skillset.
Back in late-2006, I started taking Ambien and was on it for 3 1/2 years. That stuff will knock you out quick. Then I moved and couldn't get it anymore. I really don't think it's addictive; however, after three years, I noticed I started to forget things. It was very noticeable, so I wasn't too bummed out when I couldn't get it anymore. Anything that puts your brain to sleep using unnatural means -- sleeping pills, antihistamines, anesthetics during surgery -- can cause some brain damage over time.
Early this past February, I started doing strict keto, and I also fast after 6 PM. That has improved my ability to sleep by at least 75%. I'm hoping it keeps improving.
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