The truth is trading is incredibly boring..

[HolyGrailSeeker]

It isn't something that requires immense skill imo. Once you have a working methodology and you apply it again and again you will see results but the drawdowns psychologically are very very tough.

Besides drawdowns, the hard part of trading is it is very boring. Thus, most people would want to tweak their system everytime searching for some holy grail even if what they have is working which ironically would cause them to lose.

It also requires patience and most people have ADHD. How do people get to 7, 8 or 9 figure portfolios? It is magic of compounding. For someone with $30k he can turn it into $100mil in 20 years with a 50% return annually. But everyone wants to shoot for the moon which often has adverse results.

 

[David's faith]

You could also invest the time between trades for new approaches like PF building, daytrading if you swing trade and so on

 

[SunTrader]

For some of us trading is not boring for one second.

 

[guest_trader_1]

That's why it is best to automate your system as much as you can, if you have to execute boring tasks to get your system to work you either change it or don't do it at all.

If trading is becoming boring for you that means you are doing something right, you have turned it into a job and you are good at it.

 

[Millionaire]

For some of us trading is not boring for one second.

Thats sound more like an addiction.

Addicts never find their chosen addiction boring

 

[smallfil]

A lot stocks are stuck in triangles and wedges so, you have to just wait it out. I do not know where it would breakout or breakdown for that matter. Patience is the key. A lot of traders will probably, bailout and look for other stocks to trade. Losses are inevitable. You cannot win each and every trade you get into. However, get a couple of nice sized wins and you will make monies.

 

[KCalhoun]

I've traded for over 20 years and never gotten bored daytrading. It's a new set of puzzles to solve each day, like the BBBY bounce today etc

 

[stochastix]

Yes it is. I had temporary drawdown but no losses , going to automate more of it , need to finish the option pricer tho

 

[tiddlywinks]

The MECHANICS of trading is boring. All that changes is instrument and price.

INPUTS however are unique each day. Uniqueness is opposite of boredom in this light. Lack of uniqueness, may be a unique input as well.
Disinterest in inputs can be a source of boredom. Disinterest in inputs leaves only the mechanics, which is boring.

 

[SunTrader]

Thats sound more like an addiction.

Addicts never find their chosen addiction boring

Nope.