Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
Posts: 1,040 since Jul 2010
Thanks: 1,713 given,
I've surfed all of my life and I would say that there certainly are similarities between surfing and trading. Price action can certainly emulate a wave like movement especially when viewing it on a chart. Entries and exits are timed within those waves, same with surfing.
Psychologically speaking, getting crushed on a trade can have the same mental impact like being held down by a big wave(s). The best thing you can do is look for the next best set up/wave. If you let it get to you and not re-enter (paddle back out), you'll have a major mental block and could potentially be permanently damaging. Or, a perfect day of trading can have the same euphoric feeling of a perfect day of surfing (without the physical/natural aspect of course).
The following user says Thank You to Private Banker for this post:
I don't surf, however I see a behavior of waves and the surfers. At least in Forex market, short term movements are completely random, however "waves" (nanotrends) come all the time and the only way to scalp out a few pips is to ride them. I'm a very careful rider and I prefer to get out of a wave when it begins to get lower. Also, I'm getting out immediately, when the wave appears to be not strong enough. As a scalper, I have a lot of "waves" during my day.
The following user says Thank You to xTrader1 for this post:
Hi - New member to futures.io (formerly BMT) so I found this and even though it is 5 years old, why not revive?
I've been surfing for 25 years (I'm 40), and constantly see the parallels, but have not been able to translate my surfing experience to trading. I am a mechanical trader and intuitive surfer.
Surfing is not a sport, and is absolutely nothing like windsurfing or kiteboarding, which to me sound incredibly boring.
The problem I have had in translating trading to surf is the lack of a "tame-able" 3rd dimension. The 4th dimension (time) is there, but the depth is tricky. You can't just see a wave coming, flip around and launch. Higher timeframes, short covering spikes, inverse waves... all sorts of distortion.
I do like the idea of kicking out before getting pounded...