For me the worst state of mind for trading is anger. You cannot trade effectively if you are mad. My worst days have come from starting the morning off with a stupid move and then compounding it by trading while still mad. If you know you are angry you absolutely must stop trading until you are certain you are over it.
worst state of mind for trading?
- Thread starter nkhoi
- Start date
Quote from version77:
I would think the worst state of mind for trading would be after
shooting some heroin into your veins. Might make you a little
bit too high to realize whats going on with the market...
Happiness - wild, soaring happiness high. A big winning trade that brings so much joy into my heart that the mind scatters in euphoria and I lose control of the trading vehicle.
I had the worst state of mind for trading this AM. Didn't get any sleep the previous nite, so my decisions were made with a mix of adrenaline and caffeine.
What's amazing is the fact that I was too groggy to really focus on what in the hell I was doing, immediately plopping down a 6% loss at the open, never to look back again.. Ended the day down 9%, where the one rule (the ~8% stop rule) I had kept me from losing more.
Off to rest, eat a ton, sleep a ton and learn from a bad mistake
-cj
What's amazing is the fact that I was too groggy to really focus on what in the hell I was doing, immediately plopping down a 6% loss at the open, never to look back again.. Ended the day down 9%, where the one rule (the ~8% stop rule) I had kept me from losing more.
Off to rest, eat a ton, sleep a ton and learn from a bad mistake
-cj
Yeah, Iâm with cwjcntr and lobster on this one.
Worst state â not being well rested, hungry, under the influence of anything from caffeine to heroine, or just having anything going on that keeps you from naturally being 100%.
Best state â Apathetic â just follow your strategy / trading style and donât let the $$$$ get to you. When emotional starts to get to you is when things start falling apart.
To adapt Julia Robertâs âWhen I'm with a guy, I'm like a robot, I just do it." line from Pretty Woman, a traderâs should be âWhen Iâm in the marketâ¦â
Worst state â not being well rested, hungry, under the influence of anything from caffeine to heroine, or just having anything going on that keeps you from naturally being 100%.
Best state â Apathetic â just follow your strategy / trading style and donât let the $$$$ get to you. When emotional starts to get to you is when things start falling apart.
To adapt Julia Robertâs âWhen I'm with a guy, I'm like a robot, I just do it." line from Pretty Woman, a traderâs should be âWhen Iâm in the marketâ¦â
Quote from cwjcntr:
I had the worst state of mind for trading this AM. Didn't get any sleep the previous nite, so my decisions were made with a mix of adrenaline and caffeine.
What's amazing is the fact that I was too groggy to really focus on what in the hell I was doing, immediately plopping down a 6% loss at the open, never to look back again.. Ended the day down 9%, where the one rule (the ~8% stop rule) I had kept me from losing more.
Off to rest, eat a ton, sleep a ton and learn from a bad mistake
-cj
for me, it's any time i get taken out of flow..sometimes it's because i become very conscious of myself, my p&l, my emotions etc...
the worst is when i can't even get into flow, which usually happens when i don't get enough rest, exercise or when personal problems start intruding on my trading.
the worst is when i can't even get into flow, which usually happens when i don't get enough rest, exercise or when personal problems start intruding on my trading.