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?

  #1 (permalink)
Urban Samurai
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What are your feelings when the market closes each day,or shuts down for the weekend?

I hope I have all of the bases covered with possible thoughts one may have when the market closes?

I'm sure most of us that have had 9-5 jobs at some point, would actually look forward to the end of the work day. The end of a work week was even more exciting!

Trading might be different for a lot of people. For some maybe not?

The question is, "How do you feel when the market closes?"


Last edited by forrestang; July 19th, 2011 at 08:03 AM.
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  #2 (permalink)
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  #3 (permalink)
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  #4 (permalink)
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I think the fourth choice was a false choice. I put it there though cause I know some people would want it.

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  #5 (permalink)
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forrestang View Post
I think the fourth choice was a false choice. I put it there though cause I know some people would want it.

Actually I selected it, the "I don't care" one. I can truly say I don't care When done right, trading is something that does not invoke a lot of emotion.

When I place trades, I don't care about the outcome of that individual trade. I know from past experience that no one single trade matters, it's the collection that matters. Likewise, when the day is over, I don't care. When the next trading day begins, I don't care.

I mean sure, I'm not perfect, some trades will get me upset or excited, but in general I feel that when I am trading if someone was watching me across the room they wouldn't know if I was trading or browsing the internet.

Mike

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Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #6 (permalink)
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@Big Mike

I knew some guys would feel that way about my question. But I wasn't asking how one feels about placing a trade. I think that's what THIS particular question is being associated with. I probably didn't phrase it correctly.

But I find it hard to imagine someone partaking in ANY activity for 8 hours, that they would not either like to be over with, or look forward to the next time.

So either you enjoy trading and what it brings you and you look forward to the next time you get to do it..... Or you don't like it and you can't wait for it to be over.

In my 9-5 from before, I didn't dislike it, I didn't like it either, but I was sure glad when it was over. I was completely emotionless about work, it wasn't difficult or hard. I made decisions really without thinking about it. Similar to the way you describe trading for you.

If I rephrased the question to either:
-Trading is a nice job, but I'm glad when the day is over so I can enjoy doing something else
-Trading or the benefits of it are something I enjoy so much that I can't wait to do it again

Would you have chosen either of those?

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  #7 (permalink)
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Hmm. Well for me, I am only "trading" about 1-2 hours a day. I am looking at charts 24/7, two monitors devoted to charts 24/7... but I am waiting for the right type of activity, and for me to be in the right mindset, before I decide "ok, lets trade". So actual button-clicking live trades going to market, only 60 to 120 minutes a day. Often even less.

The day is never "over" really for me... I mean that I always have the charts up... but I do tend to only be in active trade mode once a day. But I never really leave the trading mindset, I mean even now as I type this reply, two monitors have charts on them --- it's always like that. And if I see something setting up that I want to get in on, then I'll do so.

I don't anticipate the next open, or the weekend close, the opening bell, closing bell, etc. None of it makes any difference to me.

Hope you get some other responses as well.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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  #8 (permalink)
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@Big Mike

Thanks for posting that. What you say makes sense. I too watch charts mostly all day, but I do have a completely different level of focus during London through US Lunch.

So I can see how someone might actually be a bit more indifferent since it's more or less just 'part of the day' in a way hard to replicate with other jobs.

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  #9 (permalink)
Fortitudo et Honor
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I agree with Big Mike,

I'm not necessarily anxious for markets to reopen, but chart watching is always a reliable pass time for me. If I ever get bored, even for a second, looking at charts, markets, news, is always a stimulating fill in.

So in a sense, I'm anxious for the market to reopen, not necessarily because I'm anxious to trade, but it's almost like a dependence for me now, as is the internet.

I'm so incredibly hooked psychologically on the internet now....I swear I'd give up television before I gave up the internet.

When I'm away from an internet connection....I don't have that instant boredom busting capability of reading news, learning, etc.

"google it" or "internet it" has become such a common event in our lives.....the amount of information that's available in a split second is amazing.

So in that sense.....chart watching, more than anything has become an obsession or an addiction...because if I ever get bored of TV or the internet or my day/day ongoings, I can always fill in my time with analyzing and following charts.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #10 (permalink)
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RM99 View Post
I agree with Big Mike,

I'm not necessarily anxious for markets to reopen, but chart watching is always a reliable pass time for me. If I ever get bored, even for a second, looking at charts, markets, news, is always a stimulating fill in.

So in a sense, I'm anxious for the market to reopen, not necessarily because I'm anxious to trade, but it's almost like a dependence for me now, as is the internet.

I'm so incredibly hooked psychologically on the internet now....I swear I'd give up television before I gave up the internet.

When I'm away from an internet connection....I don't have that instant boredom busting capability of reading news, learning, etc.

"google it" or "internet it" has become such a common event in our lives.....the amount of information that's available in a split second is amazing.

So in that sense.....chart watching, more than anything has become an obsession or an addiction...because if I ever get bored of TV or the internet or my day/day ongoings, I can always fill in my time with analyzing and following charts.

I would say that is about the way I feel. Since I've spent so much time into trading, and have mostly abandoned doing anything I used to do socially, at least until I get comfortable with trading, that I barely know what else to do with myself other than dealing with charts in some way.

When the market isn't open, there is..... LOL almost an emptiness.

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