What are your feelings when the market closes each day,or shuts down for the weekend?

July 25th, 2011, 10:53 PM

I guess I'm somewhat in the same camp as Forrestang and RM99 but not quite as "hardcore". Like Mike, my charts are 24/7 so if something is going on I might jump on it. My main focus is around the 10:00 and 2:00 turnaround and I almost always get a trade off in the Asian session as well. I love trading but I am generally happy when the weekend comes otherwise I would become a zombie.

July 26th, 2011, 05:11 PM

I usually trade from 9 to 12. I start watching the premarket around 8AM. My son usually sitting next to me or on my laps. Me, playing games

until market open at 9AM, unless there some serious move with good volume.

I closed the chart around 2 pm and call it a day. Then focus on my day job.

July 26th, 2011, 10:35 PM

The trading books tell me that I should have little to no emotion about trading. Just cold, calculating executions. I aspire to reach that point one day.

However, I must admit that after my 2-hour trading window (right after the London open), I can't wait for the next trading day. It's most likely due to to my level of experience-- I'm a beginner, I've worked on my method, run it in a sim environment, run it with a small account through micro forex, and now I'm on the 6e futures market.

My trading time is exciting to me because of the stage I happen to be in at this moment-- the next month or two will provide me a good sample of data where I can see if my method and my psychology work well enough to attain profitability.

But I wonder. . . if my great experiment turns out to be successful, and I achieve a small sample of consistency, will the feeling of excitement dwindle to where I can execute my trading plan unemotionally? It happened that way with the small forex account, but based on micro contracts, the risk (and reward) was so small. My current futures account (albeit still small) is bigger and the experiment's parameters are of course, different.

For those who have little emotion during their trading-- how long did it take for you to gain enough confidence to remain emotion-less through the entries, exits, and holding time?

What are your feelings when the market closes each day,or shuts down for the weekend?

Discussion in Psychology and Money Management

What are your feelings when the market closes each day,or shuts down for the weekend?