What are your feelings when the market closes each day,or shuts down for the weekend? - Psychology and Money Management | futures io social day trading
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What are your feelings when the market closes each day,or shuts down for the weekend?
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Created: by forrestang Attachments:0

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View Poll Results: How do you Feel when the Market Closes?
I feel Great that work is over! 1 4.35%
I feel a sense of relief that trading is done..... 1 4.35%
I feel anxious and can't wait for the market to re-open! 9 39.13%
I don't care at all. 12 52.17%
Voters: 23. You may not vote on this poll

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

  #21 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

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.

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  #22 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: SC, NT
Favorite Futures: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received

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.

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  #23 (permalink)
Elite Member
Washington DC
 
Futures Experience: Beginner
Platform: OEC
Favorite Futures: 6E
 
Posts: 40 since Sep 2010
Thanks: 42 given, 47 received


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?

I must constantly ask myself: Am I trading well? Am I following my rules?
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