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How do you overcome your boredom?
Started:August 13th, 2012 (11:03 PM) by pricestudent Views / Replies:2,828 / 28
Last Reply:October 24th, 2014 (10:07 AM) Attachments:0

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How do you overcome your boredom?

Old August 15th, 2012, 06:52 AM   #11 (permalink)
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Hradec Kralove, Czech republic
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Remember, when you trade, you should be in zone. That means, you are focused only on market. If you can not do that, you have to change market, trading style or system. In trading is many many ways how to trade and 1st your job would be find that way, with which you be in the zone!
You must your weaknesses cover with your strenghts....

We are what we repeatedly do. Excellence then, is not an act, but a habit.
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Old August 15th, 2012, 08:29 PM   #12 (permalink)
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You don't

Good trading is boring, add more contracts, automate, deal with it. I hate cold calling in sales but it's a necessary evil like the CIA.

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Old August 15th, 2012, 08:54 PM   #13 (permalink)
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Yes. I'm new too and I got what u mean.

Sometime I may even take a nap when I know there will be no singal in the next 10-15 mins.

Sometimes I get very nervous when I see my position isn't go to the way I want. And hope the time can run faster.

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Old August 16th, 2012, 12:40 AM   #14 (permalink)
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You need to find something to do while you're trading real time that isn't too mentally draining on a different screen or near your computer. At the point you're trading real money it should become so monotonous that you know exactly what you're looking for. It should be second nature. Often times listening to music, working out, posting, or playing guitar is good too if you're in chop. You want to look over at the screen every minute or so for a good setup continually focused, often times you'll see the potential for a setup which should make you stay tuned. I only really trade for two hours a day after 9:30 because that's all I ever really needed. However, you never ever want to enter a trade late if you missed the entry while doing something else, it's just something you have to accept.

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Old August 16th, 2012, 07:20 AM   #15 (permalink)
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pricestudent View Post
I wonder what you guys do to not got crazy? How can one just sit in front of a screen and watch this paint dry? Slight exaggeration but hopefully get what I'm saying. Thanks for the read!


Hi John!

I think the problem with you is that you don't have exact system of rules. So I suppose you didn't test it either. Therefore if you didn't test it, then you can not know what results you may have.
And from there is all the mess you described.
I trade since 2008 and all struggles I had in the beginning were because of lack of exact rules and system.

Let me take for example the market dynamic for the last 3 days in DAX index. It is obviously that the price is in a range of approximately 100points, and through the day I can see only 2-3 trades that I can take, but are not very good as setups and the risk/reward is not good either. So my choice is to enter and risk my stops to be hit for more than a 50%, or wait for the price to set higher ot lower price and start a decent trend where I can make better trades with higher probability of success.
For me trading is all about the money and I trade to make money. If I want to lose money I prefer to be on women or something else, but definitely not on the market on purpose.

So you should ask yourself, why are you on the market and what is your goal.
If you wanna make money, than even if it is boring this is not exuse to make mistakes.
And focus on the profit you can make if you follow your rules, and don't allow loses take control over you, which will happen if you don't follow your rules.

Well in the days when there is no volatility for the half of a day you can watch fashion tv, or play some game.
Even now I watch fashion tv in youtube

Choose more volatile market like TF or YM. They make decent moves almost every day and is never boring to trade them....or is never boring to me.

Hope that helps.

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Old August 16th, 2012, 02:11 PM   #16 (permalink)
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I agree with others that boredom comes with the territory, and have learned to live with it only to the extent it's an occasional hazard of doing business during the session I habitually trade (i.e., I look past it to end of session). When bored setups often behave like mirages, most imaginary while the real ones seeming to appear suddenly out of thin air right in front of us. Keeping end of session in sight seems to help in a couple of ways, first by helping one stay alert and focused on price pattern in the meantime rather than obsessing on the thought "I'M BORED!"--maintaining the effort not a minute longer than end of session, inaction not that big a price to pay compared say to losing one's shirt on an impulsive trade. Second, one survives boredom by learning not to let it turn into negative emotion, which besides souring us on trading more often than not can lead to over trading and hence frittering away profits. In other words, at the first sign boredom is turning into frustration it's time to quit for the day, IMO "the power of quitting" no less an edge than any other.

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Old August 16th, 2012, 02:59 PM   #17 (permalink)
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Old August 17th, 2012, 02:00 AM   #18 (permalink)
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Well, I would certainly agree that boredom could definitely lead to overtrading. Maybe it is my nature but sure; I want things to happen faster than they do. It's probably just a maturity thing and provided I can overcome this, it should be okay. I think to that it might help me to keep an eye on more than one instrument at a time. If nothing else, just to keep myself busy.

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Old August 17th, 2012, 03:15 AM   #19 (permalink)
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Play Poker on another PC. Uses similar concepts.

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Old August 18th, 2012, 09:16 PM   #20 (permalink)
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If I see nothing happening in any market, metals, ags, bonds, currencies, indexes, then as I do my scanning around the screen a few times and there's nothing happening, then I don't get bored, I just get tired. It gets monotonous and I take a break, move around, make tea, find a snack, sometimes I take a quick nap, come back and see that I missed nothing. If the lack of momentum anywhere continues, I go do errands on my list. Sometimes I'll return at 3:30pm ET and that's when some activity starts, but I'll rarely enter a trade since much of the day was no follow thru so the likely action late is the same. Sometimes I'm wrong, but I am happy because I followed my plan I and know 100% for certain that no action in markets only lasts at the most, 2 days, maybe 2.5. At night if there's no action in 2 hours, I'll shut it down also. I used to keep watching until too late at night, but that messes up the next morning and that's when I found I missed some good action. I never force a trade any more, I learned that the hard way. I accept it now that I can not create anything in the market, action, momentum, whatever, I'm just an observer....

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