Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Trade Up

Have you ever Traded because you were bored?

Have you every Traded because you were bored?  

7 members have voted

  1. 1. Have you every Traded because you were bored?

    • Yes
      7
    • No
      0
    • Not sure
      0


Recommended Posts

Have you ever jumped into a trade out of boredom?

 

When markets are quiet, or there is nothing on my radar, I have found myself trading stocks I would not normally have touched. Has anybody else ever found themselves in this situation? Spotting a trend which is not quite there?

 

Is it just me, or do traders have a very low boredom threshold?

Share this post


Link to post
Share on other sites

I am sure all traders can admit to committing this mistake. Boredom can be an enemy to trading. I don't recommend sitting in front of your screens all day. I try to avoid this by trading in the morning and afternoon session only. I usually hit the gym during lunch hours.

Share this post


Link to post
Share on other sites

Boredom is a massive problem for traders as, if you are like me, you mind is buzzing all of the time with ideas.

 

I think this is why a lot of traders play poker, for the thrill, if trading is a little quiet?

 

What other things do you do to avoid trading out of boredom?

Share this post


Link to post
Share on other sites

It is the same for most traders - bored, looking for something which is not there, and then regret.

 

I have done this on a number of occassions, but now I try to make use of "slack periods" and maybe catch up on my research, spend some time with the kids, etc.

 

The majority of traders have very active minds which are analysing situations all of the time, and if you are like me, you hate being bored!!!

Share this post


Link to post
Share on other sites
It is the same for most traders - bored, looking for something which is not there, and then regret.

 

I have done this on a number of occassions, but now I try to make use of "slack periods" and maybe catch up on my research, spend some time with the kids, etc.

 

The majority of traders have very active minds which are analysing situations all of the time, and if you are like me, you hate being bored!!!

 

I agree... traders like the action. I personally have a hard time dealing with boredom. I need to keep my mind stimulated constantly.

 

Its good to get other things done during lunch hours to fresh up your mind.

Share this post


Link to post
Share on other sites

While the general feeling seems to be that all traders have, or do, trade because of boredom - How can we reduce or stop this?

 

Do you have technique to stop yourself trading?

 

Can you just walk away?

 

Can you switch off?

 

I must admit that I find it difficult to switch off, even when I am not at my computer. Boredom is my worst enemy.

Share this post


Link to post
Share on other sites

Boredom is my worst enemy too; well, one of them.

 

I've found that posting on bulletin boards doesnt help because the boredom causing me to post seems to precede the market finally setting up properly.

 

What sort of activities do people do that let them maintain enough activity to prevent boredom and inactivity trades yet don't involve them so much that they miss the next trade?

Share this post


Link to post
Share on other sites
Boredom is my worst enemy too; well, one of them.

 

I've found that posting on bulletin boards doesnt help because the boredom causing me to post seems to precede the market finally setting up properly.

 

What sort of activities do people do that let them maintain enough activity to prevent boredom and inactivity trades yet don't involve them so much that they miss the next trade?

 

 

This is going to sound insane but... I trade from 10:30pm Tokyo time. I used to play online poker when I was bored but then started missing too many nice setups over a couple of good tournaments.

 

Lately, I have been working on other projects during the day so I tend to sleep after I trade the morning session. Since the opening 90minute is my strength, I do pretty well without even bothering to trade the afternoon.

 

Here's a couple of other suggestions: go to the gym, start an online business (this keeps you occupied and even if it flops you are probably going to save more money than the money wasted on trades taken through boredom), go out druing the doldrums, poker, etc...

 

Unfortunately in my case, there is not much I can do at night. You have alot more options so Im sure you will find something that can keep you busy. :)

Share this post


Link to post
Share on other sites

Usually spend alot of time during market hours just drawing trendlines as the market is constantly changing so are the trendlines and S/R levels that need to be redrawn. Doing this keeps me from getting bored but keeping out of trouble. I post in forum and chat once in a while. Good thing is MP and pivots are already in place during market hours.

Share this post


Link to post
Share on other sites

Here are my thoughts regarding boredom and trading.

 

If you have a method that you know is successful and you are a profitable trader, there is no reason to trade because you are bored. When you trade because you are bored, you either do not have a method that is successful and therefore you trade for the desire of being right.

 

This is no different than playing a pot in poker with a junk hand but you over bet the pot and have gotten yourself too invested in the pot and cannot walk away from, outcome, you end up losing money. Losing money does not bother you, its the fact you made a dumb play to begin with whether that be in poker or trading.

 

I don't know about everyone else but I hate sitting in front of this computer for more than 4 hours a day when the market is open.

Share this post


Link to post
Share on other sites
Bored? There's always porn until the markets start moving again.

 

hahaha...

 

when ur hooked with porn,u'll gone miss a setup :p

 

i ever had a position which i used a mental stoploss...at that moment the market is flat and boring...hence i forgot to place stoploss and proceed playing games...

 

when i come back i see -197 pips :confused:

 

(faint)

Share this post


Link to post
Share on other sites

Yes, I believe that most traders have done that. Thats why to be a successful trader requires one to be very discipline by strictly following our rules and not to trade when there is no set up. It is not easy to overcome the urge to trade when bored but it can and must be done !

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.