The Concept of Trading Emotions

Zestilio said:
Thanks! Yeah, I guess it's boredom that's my worst enemy in trading. Especially at the second half of day, when I know I have to keep doing trades, but most major events and news have already been traded. That's where I get the most distracted and that's when I lose most money. Have no idea what to do about it...
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Did you just come up with your own solution...don't trade 2nd half of the day? Why do you have to "keep doing trades"? If you must trade during "non eventful" hours, what about fading type setups (mean reverting)?;)
 
jinxu said:
One of the behavior patterns I've noticed in myself is that the longer I trade the worst my trades become. For example, the first one or two trade are usually good trades. Can either be a profit or a loss but at my rules.Then the next three or four I may break a rule or two. Then by the fifth or sixth I lost my discipline.

I believe this is a phenomenon due to myself having a limited supply of emotional self-control and that with each trades I made I spend some of this supply. And then I need to recharge to clear my head.

This is what I've been thinking lately and why I make bad trades. Wondering if everyone else experience this?
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This is definitely something almost all traders experience. Traders remorse and traders discipline. Keep a trading journal and read it when you feel that your deviating from your trading pattern or strategy.
 
BONECRUSHER said:
Did you just come up with your own solution...don't trade 2nd half of the day? Why do you have to "keep doing trades"? If you must trade during "non eventful" hours, what about fading type setups (mean reverting)?;)
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Because I'm quite lazy and I know that if I allow myself to trade less, this might result in me starting to slack off even when I should put all concentration in trades :) So my question is not how to define my most effective hours (I know them already), but how do I make the second half of a day more productive. That's where I'm expecting to find ways to increase profits.
 
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