NexusFi: Find Your Edge


Home Menu

 





Taking a break from trading


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 7 posts (24 thanks)
    2. looks_two Itchymoku with 5 posts (9 thanks)
    3. looks_3 PandaWarrior with 3 posts (11 thanks)
    4. looks_4 Massive l with 3 posts (7 thanks)
      Best Posters
    1. looks_one BlackSwan with 9 thanks per post
    2. looks_two PandaWarrior with 3.7 thanks per post
    3. looks_3 Big Mike with 3.4 thanks per post
    4. looks_4 Itchymoku with 1.8 thanks per post
    1. trending_up 12,145 views
    2. thumb_up 73 thanks given
    3. group 8 followers
    1. forum 26 posts
    2. attach_file 3 attachments




 
Search this Thread

Taking a break from trading

  #11 (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: 50,463 since Jun 2009
Thanks Given: 33,239
Thanks Received: 101,661


Itchymoku View Post
Honestly, @Big Mike do you have a list of poll ideas waiting to be released every once in a while, or do you just randomly update it whenever you get a new one you think is worthy enough to be posted? Each one is pretty good so I know you have some method to it.

Random as I feel like it.

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 Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Quant vue
Trading Reviews and Vendors
Trade idea based off three indicators.
Traders Hideout
MC PL editor upgrade
MultiCharts
What broker to use for trading palladium futures
Commodities
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #12 (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: 50,463 since Jun 2009
Thanks Given: 33,239
Thanks Received: 101,661

I should add, they are normally inspired by whatever "theme" I am seeing on the forum at any given time. Usually the poll is designed to get people to think about something they maybe hadn't previously considered.

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 Started this thread Reply With Quote
Thanked by:
  #13 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681


Ironically, I think it's been years of just non-stop charts and trading related activities. I take a day off here and there but nothing longer than a few days consecutively.

I wish I had enough money that I could just pack my bags and purchase a plane ticket and travel N' trade for a year or two but I know it wouldn't really work out the way I'd want it to lol

technical difficulties would arise.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
Thanked by:
  #14 (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: 50,463 since Jun 2009
Thanks Given: 33,239
Thanks Received: 101,661


Itchymoku View Post
Ironically, I think it's been years of just non-stop charts and trading related activities. I take a day off here and there but nothing longer than a few days consecutively.

I wish I had enough money that I could just pack my bags and purchase a plane ticket and travel N' trade for a year or two but I know it wouldn't really work out the way I'd want it to lol

technical difficulties would arise.

Just travel somewhere by car that is 6 hours away that is a bit of a tourist spot, spend the night in a cheap hotel for a long 3 day weekend, and don't bring your computer or tablet. Enjoy atmosphere, food, local events, people watching, and just clear your head.

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 Started this thread Reply With Quote
  #15 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


Big Mike View Post
Just travel somewhere by car that is 6 hours away that is a bit of a tourist spot, spend the night in a cheap hotel for a long 3 day weekend, and don't bring your computer or tablet. Enjoy atmosphere, food, local events, people watching, and just clear your head.

Mike

I like to find some hole in the wall town with a decent hotel and restaurant and enjoy the weekend. Sleep late, eat good, lounge around, just waste time. No where to be, nothing to do...

Visit my NexusFi Trade Journal Reply With Quote
  #16 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,106

Weeks go by where I don't trade, just monitor swings.
Several years ago though, I had some drawdowns where I took a 2 month break here and there to figure out my issue(s).

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #17 (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: 50,463 since Jun 2009
Thanks Given: 33,239
Thanks Received: 101,661

When I came back to my custom platform after the move, about a 5 month hiatus, I ended up completely rewriting several core functions because when I looked at them with a fresh pair of eyes it was obvious how much room there was for improvement that I had just been blinded to before.

So in other words, it does a lot of good to get some space and fresh air.

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 Started this thread Reply With Quote
  #18 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681


Massive l View Post
Weeks go by where I don't trade, just monitor swings.
Several years ago though, I had some drawdowns where I took a 2 month break here and there to figure out my issue(s).

I respect that - watching and waiting, but not trading if criteria aren't met. That takes a lot of willpower. For me this is something that is the most difficult to do since I'm very impatient and my system works best if I wait. I can make a ton of money in replay since I can replay time faster than normal and speed time up till I find my entry but it means nothing if I can't wait in real life. How do you pass the time while you wait? What hobbies or activities help you occupy your time before or after observing for your setup?


Big Mike View Post
Just travel somewhere by car that is 6 hours away that is a bit of a tourist spot, spend the night in a cheap hotel for a long 3 day weekend, and don't bring your computer or tablet. Enjoy atmosphere, food, local events, people watching, and just clear your head.

Mike

This definitely sounds like something I need to do considering I've outdone the beach spots this summer in the lower parts of Delaware and they're no longer a viable option since the water has gotten colder. 6 hours sounds about the right distance to get to a new place geographically speaking. Maybe I can go to NYC or somewhere near Washington D.C.. I might even just go to Chincoteague for a nature retreat.


tturner86 View Post
I like to find some hole in the wall town with a decent hotel and restaurant and enjoy the weekend. Sleep late, eat good, lounge around, just waste time. No where to be, nothing to do...

Terry this seems interesting and something I'd actually enjoy taking part in surprisingly. I'm getting older (27) and I'm getting over the whole bar / club / concert / sporting event / people-in-general scene. I like spending time with close friends, but not so much groups or crowds. If I'm not seeking a girl / date, then I don't really feel a need to be around people in a social environment with strangers. I'm not a very social person with people I don't know so I might look for a more people-less tourist place if that makes sense.

I was watching documentaries about Iceland while going to sleep because it seems like a potential remote and relaxing yet naturally stimulating place to travel and observe geological abnormalities. I'd like to get away from it all and go to a place far away that people rarely visit that's truly beautiful. A place where I can zone out and be distracted from everyday life while also be completely amazed by things like geysers, lava, or hot springs with cool looking monkeys.










hey man if getting to these ridiculous places helps me get away from the charts it's worth it!

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
Thanked by:
  #19 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709

Taking time off...on a smaller time frame: take a 17 min break every 52 minutes, says these researchers...

The perfect recipe for productivity: rest 17 minutes every 52 ? Quartz

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #20 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,106



Itchymoku View Post
I respect that - watching and waiting, but not trading if criteria aren't met. That takes a lot of willpower. For me this is something that is the most difficult to do since I'm very impatient and my system works best if I wait. I can make a ton of money in replay since I can replay time faster than normal and speed time up till I find my entry but it means nothing if I can't wait in real life. How do you pass the time while you wait? What hobbies or activities help you occupy your time before or after observing for your setup?

There came a point where I was tired of being burned on forced trades.
So I was forced to not trade if I wanted to make a living out of it.

To pass the time...I train for Crossfit/Olympic/Power lifting competitions.
I train 2 times a day 3-4 days a week and train overall 5 days a week.
I also eat a lot of food. I golf, float the river, hang out at the park,
go to the farmer's market, etc.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on September 30, 2014


© 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