Of course, it won't. Beer does not help, and other drugs won't either. Trading under stress is a consequence of not applying rules. Following rules reduces stress, as there is nothing to decide. But as the turtle experiment had shown, many traders do not follow the rules, even if they are clearly exposed. And even more traders do not have rules, but use discretion. Discretion creates stress.
Favorite Futures: YM & Equities & Options & Mutual Funds
Posts: 174 since Jun 2010
Thanks: 56 given,
I would tend to disagree. Stress is cause by lack of focus... what will the market do? Is this a good place to get in/get out? The mind starts to wander...
The purpose of neuro enhancers is to increase focus. Which lends itself to follow ones trading strategy more precisely. That could be a bad thing, becuase no one wants in when it's a 'chop o rama' even if you have a good signal
Regarding the turtle traders, their system was to buy dips no matter how ugly. Intraday you run the risk of the market pulling an Octoberfest at 11pm. :puke:
I like how you state this FT and I agree . When I trade(d) without a set of if/then rules I felt stressed , didnt enjoy trading and experienced the boom bust p/l . When I have a set of rules that take into consideration any possible scenario then Im relaxed , enjoy the experience and am focussed with a steadily rising p/l . Discretion is good but without a plan and rules to abide by Im left second guessing myself and constantly suprised and reacting instead of just acting .
The following 2 users say Thank You to Eric j for this post:
On several occasions I have "watched" the markets while high. One particularly enlightening session happened to be when I was observing a trading room in action. It was of those relentless up day trend sessions and entire room was working feverishly to sell this market because the market was too high, overbought,key resistence blah, blah. And they were quite frantic and angry at how corrupt the market was. All I could see -left brain disengaged -was a market that was going up. I was more aware of shape and perhaps even a little tuned to the market beat.
The lesson for me was poetically simple. Trade what you see and not what you think.