Funnily enough I actually do currently do Ashtanga yoga twice a week. However this is outside of trading hours (Saturday morning and Monday night). Lol,...guess what my mind jumps to when it's time for Savasana at the end,...trading! But I agree with you, yoga is an excellent addition to balance out trading. However I am yet to be able to calm my mind. It's a work in progress
thanks for the suggestions.
You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
The following user says Thank You to DarkPoolTrading for this post:
My wife studied yoga and became an instructor, I studied trading and became a full time trader (we are both now officially 25 again). There were many analogies about how the two were similar. Balance, calm mind, strength to hold a pose/trade, precision in the positioning...
The following 6 users say Thank You to GaryD for this post:
This is exactly where I am and why I started this thread.
I have been trying to come up with a schedule since I have gone full time trading.
I love the London NQ, as the volume, pace and risk management are
perfect for my strategy and I have been able to earn a living with the profits gained there.
I have been at the point for some time that I will make my profits by the US open and then just watch the
larger volume of RTH work. It is very difficult to make it past lunch, as that is closing in on 12 hours up and 10 hours
in front of the charts. It's just impossible to focus for that long.
So now, I think I have a trading plan for the US open and my original strategies work fine for after the London close
as Volume takes about 1/3 off the madness...
I think it is simply time to start shifting the schedule so that I have more brain power for the US open.
Currently, I have close to a normal work day under my belt by then - crazy.
With my method, the risk is not that much more, but the profit potential is exponential . The London hours
are typically "capped" by the prior day range - it rarely moves out of it or across all of it.
The RTH movement is unlimited - even if the market is range bound, it can travel back and forth across
the whole range before settling in somewhere around Y close. That's big ticks. - I said TICKS
There are some days, however, the ON move is a long and classically structured trend, built for scaling in - Only to see the RTH become a huge mash of choppy goo. So I think always catching the back
1/2 or 1/3 of the ETH is good, just to lock in some calm, easy profits. Then, just see if you can lock into
a huge RTH move or two... It would be worth the RR in the long run, I would think.
We shall see
So I think I will try a 430 to Lunch type of bag for a while.
If I need to, I can always come back for the last couple of hours on into the ETH which can be quite exciting
It's just time to scale it back and focus on the good earnings areas.
Thank you guys, so much, for the input.
futures.io (formerly BMT) - the best trading community on the planet
"Life On The Edge of SR"
Last edited by tderrick; November 2nd, 2013 at 09:36 AM.
The following 4 users say Thank You to tderrick for this post:
all the time I am not sleeping, doing chores, buying groceries meals, washroom, shower, shave etc.
An exception to this is on mornings I am on schedule and up with my alarm 2:45am.
Then I go for a run at the track 3-4am.
Most hours are mostly number gathering, analysis, updating my spreadsheets, hand charts etc.
Actually placing the trade is not of course much time. If I have done this correctly (faint hope that) the stop and closing order are OCO placed at the time of trade entry.
In theory I wouldn't need to do anything else until the alarm goes off (at the target zone), but with a small account I am usually tense and tend to watch the trade like a hawk until I am 5pts in-the-money, at which time I can adjust the stop to BE.
I hope/plan to change this when I have enough money to hire people to do the spreadsheet updating and to pursue new research ideas that come from time to time.
Good trading to everyone.
Last edited by aquarian1; November 2nd, 2013 at 06:15 PM.
The following user says Thank You to aquarian1 for this post:
Normally traded CL between 9:00AM to 11:30AM. Before trading I have no special preparations because my motto is: trade what you see, not what you think it will be happen.
When trading options, the situation is completely different. Traded in the first half hour after the market start, and half an hour before closing markets, it is most likely that I fill my open positions. In the meantime, of course, watching with one eye what's happening in the stock market. Years ago, I watched the market ten, twelve hours a day. Now I'm doing all the things a lot faster and more efficient. So, I left a lot of time for other things.
Happy trading for all.
The following user says Thank You to janfilimon for this post: