Trading: Exhausting!!

comagnum said:
In the late 90's I was day trading Amazon and a few other darlings of the day. Meanwhile my friend set a large position - 5 years later he was a millionaire
More...
And many times these big bets go bust.....there are no guarantees with trading.
 
comagnum said:
In the late 90's I was day trading Amazon and a few other darlings of the day. Meanwhile my friend set a large position - 5 years later he was a millionaire and I


Reading your post reminded me of a quote from a famous trader " everybody gets what they want out of the market" - Ed Seykota
More...

Your friend is more of an exception though, rather than the rule.
 
Jesus Christ today almost killed me.

I analyzed HPE; they announced Q3 earnings today. I really believe in the decisions that they are making, and went in with 1/2 of my whole stake. Here at 9pm the price is still jumping all over the place. I don't think that the market knows wtf to make of this company.

I spent 1/2 hour on the phone with my broker, drilling him with questions as to how "margin loan amount," "Special Memorandum Account" and a buch if othwr metrics are calculated. I refused to accept the answer of "It's too complicated," and needled him woth questions until he finally barked at me, stating, "If you have a margin account, you're supposed to understand all this. I can't spend 2 hours explaining this to you."

Then, I got a call from a vwry prestigious firm, inviting me back for a 2nd interview.

I was ready for bed at 4:15pm, but... the Martin Barre band (Jethro Tull guitarist) is in town, so now I'm drinking IPA's and listening to the beat live music I've heard in 20 years.
 
kmiklas said:
Dear All,

I'm a newcomer to this game, and have only been trading for about six months now. I'm now trading full-time, all day long.

I am finding it to be EXHAUSTING! Don't get me wrong--it's a good exhausting, and I wouldn't have it any other way, but it's still exhausting!

When I had a full-time job, and was on salary, I would play around a lot more: maybe stay out until midnight on a Tuesday and have a couple drinks. Why not? Not so now! I can't afford to play those games anymore. Early to bed, early to rise. I get up in the morning with the sun, go for a good hard run or hit the gym for an hour, have a healthy breakfast, and I'm at my workstation well before the opening bell.

Like many of you, I work very hard at it all day. Taking notes, giving everything I've got to make good picks, and researching as best I know how. When the closing bell sounds, I literally stumble out of my office and collapse onto my yoga mat for a quick nap, utterly exhausted.

I come from a Computer Science background, and would often code from 8-5pm, often later. I would be tired at the end of the day. I sometimes thought, "Why is it that the market closes at 4pm? Jeez... must be nice for those lazy traders... they get to keep 'bankers hours.'"

Now that I'm actually doing it myself, HOLY Mary, Mother of God have I changed my tune! Today at 3:35 I was ready for bed!

Thank you for reading. A bit of a rambling post, but from the bottom of my heart.
More...
Successful trading is not exhausting. Expand your time frames if overstressed.
 
kmiklas said:
Jesus Christ today almost killed me.

I analyzed HPE; they announced Q3 earnings today. I really believe in the decisions that they are making, and went in with 1/2 of my whole stake. Here at 9pm the price is still jumping all over the place. I don't think that the market knows wtf to make of this company.

I spent 1/2 hour on the phone with my broker, drilling him with questions as to how "margin loan amount," "Special Memorandum Account" and a buch if othwr metrics are calculated. I refused to accept the answer of "It's too complicated," and needled him woth questions until he finally barked at me, stating, "If you have a margin account, you're supposed to understand all this. I can't spend 2 hours explaining this to you."

Then, I got a call from a vwry prestigious firm, inviting me back for a 2nd interview.

I was ready for bed at 4:15pm, but... the Martin Barre band (Jethro Tull guitarist) is in town, so now I'm drinking IPA's and listening to the beat live music I've heard in 20 years.
More...
Good Lord 1/2 my stake and asking about being exhausted. Everyone knows who Martin Lancelot Barre is by the way.
 
When you 1st start trading there is so much information you're trying to gather. There was so much to learn, so much I didn't know and I was very impatient about it. Even now I still haven't developed a solid timetested strategy for myself so I am always gathering info or trying to figure out ways to make money in the stock market which can be stressful esp when I don't have much of a initial investment. The fear & stress of losing it all in just 1 or 2 trades is overwhelming.
 
Last edited:
Buy1Sell2 said:
Successful trading is not exhausting.
More...

Successful trading should be boring.
You know before you start what you are looking for and what to do: long signal is go long, short signal is go short.
You know already with high probability what the market will do and you know already your maximum loss (more or less) as you have a stop.
All you have to do is take the signal and wait, wait, wait wait... How can waiting be exhausting? Because that's what you should do most of the time.
Exhaustion comes from having no clue what to do and breaking your head all the time.

Sample: I think it is long... I am not sure... Yes it is long... what happens? Go short?... Maybe wait... it is not clear anymore... should I stay in or not...even my system does not know anymore what to do...
Yes in this case trading will be very exhausting.
 
You must log in or register to reply here.
Back
Top