How do you stay focused while trading? - futures io
futures io



How do you stay focused while trading?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one tpredictor with 2 posts (4 thanks)
    2. looks_two odin with 1 posts (0 thanks)
    3. looks_3 TWDsje with 1 posts (0 thanks)
    4. looks_4 eferggbd with 1 posts (2 thanks)
      Best Posters
    1. looks_one TradingOgre with 10 thanks per post
    2. looks_two matthew28 with 8 thanks per post
    3. looks_3 tpredictor with 2 thanks per post
    4. looks_4 eferggbd with 2 thanks per post
    1. trending_up 3,617 views
    2. thumb_up 31 thanks given
    3. group 16 followers
    1. forum 15 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

How do you stay focused while trading?

(login for full post details)
  #1 (permalink)
 kevinhpchan 
Seattle
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL
 
Posts: 24 since Jun 2018
Thanks: 11 given, 4 received

What techniques do you all employ to stay focused on your charts and screen while trading? Especially scalping where you really canít take your eyes of your indicators. Iím having a really hard time staying staying focused and tend to attempt to multi task.

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Google Keyword Search Alerts
Traders Hideout
Store value in variable when emas crossover easy language
EasyLanguage Programming
TO ALL
Traders Hideout
pay for programmer coding a custom indicator
Traders Hideout
Brad Cowan
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Why dont people trade 150 ES contracts?
40 thanks
Spoo-nalysis ES e-mini futures S&P 500
39 thanks
Any long term success stories from funded traders in the …
26 thanks
How to work on strategy
25 thanks
Am I finally on the right path?
18 thanks
 
(login for full post details)
  #2 (permalink)
 TradingOgre 
Evans GA/USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
 
TradingOgre's Avatar
 
Posts: 550 since Jul 2018
Thanks: 902 given, 1,649 received


kevinhpchan View Post
What techniques do you all employ to stay focused on your charts and screen while trading? Especially scalping where you really canít take your eyes of your indicators. Iím having a really hard time staying staying focused and tend to attempt to multi task.

Take several breaks throughout the trading session. Scalping requires 100% focus so make a few trades, get up and walk around a little, come back and hit it again. It's very easy to become distracted. I still fight with this all the time. To help, I put headphones on and some good music but not too loud. Trading from home actually makes it a bit more difficult in my opinion. Too many distractions. I moved my trading station to a room no longer in use in the house and I keep the door shut while I am trading. Everyone in the house knows that if you knock on the door it better be because something major has just happened. There is a sign on the door that says "Ask yourself if knocking on this door is worth disturbing the Ogre inside." LOL!

Visit my futures io Trade Journal Reply With Quote
The following 10 users say Thank You to TradingOgre for this post:
 
(login for full post details)
  #3 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Tradovate
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 1,092 since Sep 2013
Thanks: 2,850 given, 2,088 received


@kevinhpchan

I find PriceSquawk | Audible Market Technology makes it much easier to stay attached to what is going on. Adding another sense makes it less tiring or welcoming of distractions than solely staring at the screens all the time.
(Also a standing desk helps keep me alert rather than being sat in a comfy chair.)

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following 8 users say Thank You to matthew28 for this post:
 
(login for full post details)
  #4 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

First question is ask why are you attempting to multi-task? What is your multi-tasking activity? It may be suggestive of poor market cognition. Let me say, reading the market in real-time (tape reading) is useful if it helps your market cognition. There are other ways to get the market cognition flowing, however.

But it sounds like you do not have proper active mindset. Is it because you are tiring quickly? If so, it is a sign of too much stress or too much focus. You may want to increase your holding time. Are you trying to do more? If so, you need to use time blocking to set aside specific time for your trading.
  • Focus on market during high volatility time of day only. Use time blocking. Block this time out.
  • Create alerts/filters. Tape reading market is tiring. Creating conditions may be helpful.
  • Convert multi-condition indicators into simple color coded charts that can be read instantly
  • Adjust and use best tools properly. Unsure whether it would be wise for me to discuss as a vendor but scalping is something where you really need to configure your setup. Do you need to show so many bars? Do you need so many charts? Can you make some changes to make it easier to read the price action? Thinking along these lines may help.

On the multi-condition indicators, I show how to do this at my blog. But the concept is really simple, you create a color condition for example to paint the background in different shades based on your indicator conditions.

Scalping is a really difficult style. Your inattention may be a product of a market not yielding much opportunity or a poor stylistic fit. You may need to make some adjustments. One option is whether it is a scalp or whatever, is to try to find the best 2-3 trades per day, per hour, per 15 minutes, etc. If you can start to identify the best 2 trades, for example, every even hour even in hindsight and start to focus in on those trades and then start to actually make those trades in real-time then I think that's a better plan then trying to scalp a high frequency of trades. It could still be a scalp but more selective- just a thought. If you are sizing and taking good trades, you shouldn't need to take so many trades per day.

But, yes for proper and most insightful diagnosis, you need to examine what your doing and why you are doing it. As well, you may need to switch gears as the market changes.


kevinhpchan View Post
What techniques do you all employ to stay focused on your charts and screen while trading? Especially scalping where you really can’t take your eyes of your indicators. I’m having a really hard time staying staying focused and tend to attempt to multi task.


Reply With Quote
 
(login for full post details)
  #5 (permalink)
 Trailer Guy 
Boise, Idaho/USA
 
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
 
Posts: 186 since Sep 2014
Thanks: 57 given, 343 received

I totally agree with TP Predictor on the glance at it don't read it with fast charts. When I first saw the effort going into coloring indicator backgrounds I thought it was silly. Then I moved to faster charts and I figured it out real fast!

I am no longer a 13 year old and I know my reflexes are shot. So I am following a vendors suggestion and letting Ninja do the scalping. I just look for set-ups and if I see one coming I wait for the bar to close and then set either a market if touched or a limit order. If filled Ninja sets the stop and profit targets. Takes the gun fighter out of the equation. and makes it more like fishing.

Also get a bar timer or tick counter so you have an idea of how much longer on a given bar.

Reply With Quote
The following user says Thank You to Trailer Guy for this post:
 
(login for full post details)
  #6 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

You might also look at anti-distraction website blockers like FocusMe and Freedom.to. I am trying FocusMe for studying purposes and seem to be getting some value out of it.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
 Tickworks 
Minneapolis MN
 
Experience: Advanced
 
Posts: 17 since Mar 2018
Thanks: 36 given, 32 received


kevinhpchan View Post
What techniques do you all employ to stay focused on your charts and screen while trading? Especially scalping where you really canít take your eyes of your indicators. Iím having a really hard time staying staying focused and tend to attempt to multi task.

Here are a few more ideas:
  1. Mindfulness training, such as with the popular Headspace app, can help you learn how to sense in real-time when you've lost focus. Then, if you notice you've lost focus, you can engage counter measures to regain it, or simply halt trading as a means of protecting capital. Mindfulness trading also appears to help you assess your mental state in general, which could give you an advantage in simply not trading if you're distracted.

  2. As has been mentioned, continually evaluating for and isolating yourself from distractions, such as noise or non-essential charts and indicators can lessen the energy required to maintain focus.

  3. If your platform supports it, increasing the chart update interval to around a second when scalping fast instruments like the nasdaq may help you filter out extraneous price movement and better focus on your signal. Also, using "Chart trading" or hotkeys instead of the DOM might help too if DOM data isn't essential to your strategy.

Reply With Quote
The following 2 users say Thank You to Tickworks for this post:
 
(login for full post details)
  #8 (permalink)
farmer55
Minneapolis+ MN / USA
 
 
Posts: 32 since Jan 2011
Thanks: 1 given, 56 received

You're not serious are you? Losing $$ right?

Reply With Quote
The following user says Thank You to farmer55 for this post:
 
(login for full post details)
  #9 (permalink)
 eferggbd 
Monterey, CA
 
Experience: Intermediate
Platform: Ninja, TradeStation
Broker: Ninja
Trading: ES, CL
 
eferggbd's Avatar
 
Posts: 30 since Jan 2018
Thanks: 13 given, 29 received

Meditation man! It's the practice of getting better at focusing and at noticing when your awareness has slipped to something else.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to eferggbd for this post:
 
(login for full post details)
  #10 (permalink)
Pinche
Europe
 
 
Posts: 5 since Sep 2017
Thanks: 0 given, 2 received


Step away from the screen when mind starts to get cloudy, drink small amounts of water constantly.

Reply With Quote
The following user says Thank You to Pinche for this post:


futures io Trading Community Psychology and Money Management > How do you stay focused while trading?


Last Updated on November 26, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
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.
no new posts