NexusFi: Find Your Edge


Home Menu

 





Are you a junkie trader?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one dario1 with 7 posts (0 thanks)
    2. looks_two wldman with 2 posts (1 thanks)
    3. looks_3 Big Mike with 1 posts (0 thanks)
    4. looks_4 ThatManFromTexas with 1 posts (1 thanks)
      Best Posters
    1. looks_one Silver Dragon with 2 thanks per post
    2. looks_two ThatManFromTexas with 1 thanks per post
    3. looks_3 jaytrades with 1 thanks per post
    4. looks_4 wldman with 0.5 thanks per post
    1. trending_up 3,309 views
    2. thumb_up 5 thanks given
    3. group 6 followers
    1. forum 15 posts
    2. attach_file 0 attachments




 
Search this Thread

Are you a junkie trader?

  #1 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

Are you a junkie trader?

How often do you sleep? Are you afraid of missing the move?
I think I was junkie trader - or maybe I still am.

In the past, on many occasions I went for 48-60 hours straight, endlessly staring at the bars ...falling asleep at the front of the monitor... guilty that if I go to sleep I will miss the move -- definitely I was.

Are you?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
REcommedations for programming help
Sierra Chart
Trade idea based off three indicators.
Traders Hideout
MC PL editor upgrade
MultiCharts
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
21 thanks
GFIs1 1 DAX trade per day journal
16 thanks
  #3 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,512 since Aug 2011
Thanks Given: 2,047
Thanks Received: 9,513


I usually trade 4am CST to 10 am CST and I leave at the first opportunity to do anything fun, especially with the kids.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,442 since Jun 2009
Thanks Given: 33,215
Thanks Received: 101,603

Definitely not. Lots of work is involved, but most of it does not involve staring at charts.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #5 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238

Used to be when I first started trading. I used to watch the markets from 7am to 8PM. Then study charts until midnight or later. However, never fell alseep in front of the monitor. Now I keep tabs on the markets during the day while at my day job and spend a few hours a night on learning and watching the markets and of course posting on futures.io (formerly BMT).

SD

nosce te ipsum

You make your own opportunities in life.
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #6 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,353


dario1 View Post
Are you a junkie trader?

How often do you sleep? Are you afraid of missing the move?
I think I was junkie trader - or maybe I still am.

In the past, on many occasions I went for 48-60 hours straight, endlessly staring at the bars ...falling asleep at the front of the monitor... guilty that if I go to sleep I will miss the move -- definitely I was.

Are you?

If you trade badly ... the worst thing you can do is stay in front of the computer.

Staring at the screen 24/7 will not make you a good trader.

You can put your boots in the oven ... that don't make 'em biscuits ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
Thanked by:
  #7 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


wldman View Post
I usually trade 4am CST to 10 am CST and I leave at the first opportunity to do anything fun, especially with the kids.

Yes 5 to 11 -- This is my plan when I quit my day job (or get fired)

Started this thread Reply With Quote
  #8 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


ThatManFromTexas View Post
If you trade badly ... the worst thing you can do is stay in front of the computer.

Staring at the screen 24/7 will not make you a good trader.

That's exactly what happened with me a year ago
and then I started learning

Started this thread Reply With Quote
  #9 (permalink)
jaytrades
New York, USA
 
Posts: 80 since Jun 2011
Thanks Given: 22
Thanks Received: 83

anything can be used and/or abused. there's a lot in trading and risk taking that can be thrilling. bungee jumping, fast driving, etc. I felt the risk rush from trading, but it was more painful than a high. Combine that with inevitable loss from not following a logical trading plan and the pain is too big for me. Yes I pulled many all-nighters, my trading performance suffered tho. It took me a long time to work it out.

Reply With Quote
Thanked by:
  #10 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012



jaytrades View Post
Yes I pulled many all-nighters, my trading performance suffered tho. It took me a long time to work it out.

Agree 100%

Started this thread Reply With Quote




Last Updated on August 22, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts