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.

Vince50

How Do You Feel After the Trading Day is Over?

What most describes you after your trading day is over?  

55 members have voted

  1. 1. What most describes you after your trading day is over?

    • I feel euphoric, like I could take on the world if I win that day.
      10
    • I feel like trading was the wrong career decision if I lose that day.
      5
    • I feel sad and lonely.
      1
    • My back and aches and I feel like I am aging.
      0
    • I want to exercise or do Martial Arts to get the blood flowing?
      5
    • I am so drained physically and/or mentally I want to collapse
      9
    • I feel suicidal or rage if I lose, and too wound up to sleep if I win.
      3
    • I feel like I'm spaced out and cannot focus after trading stops.
      3
    • I feel so lucky to be trading regardless if I win or lose.
      16
    • None of the above. I will write about it in the thread.
      3


Recommended Posts

In one paragraph please describe how you feel physically, emotionally and mentally at the end of your trading day. Regardless if your day is an entire open-close session of Equities or Forex, a couple of hours a day or whatever period you trade. Are you energized and cant wait to go jogging. Are you cranky? Do you want to fall asleep. Do you regret getting into trading? Do you miss your loved one or friends? Are you happy for the peace and quiet? Please include how many hours per day you trade and what time frames and instruments you follow. Tell us if you are Sim or live trading too.

Share this post


Link to post
Share on other sites

If it is a profitable day, I do not think about it. I spend rest of my time with wife and son. After they sleep, I check-update-mark charts to find new setups

 

If it is not a profitable day, I do not think about it. I spend rest of my time with wife and son. After they sleep, I check-update-mark charts to find new setups

Share this post


Link to post
Share on other sites

Daytrading:

 

I love when I have winning days. The euphoric feeling of winning is what draws me to trading in the first place. I would never attempt to deny myself of such a reward. In the end, my gains won't be life changing, so I really do not give a shit if I win.

 

I hate trading when I lose. I get pissed off to the point of wanting to smash shit if it is an exceptionally bad day. My desire is to win. Anything less is an irritant. In the end, my losses will never amount to much, so I really don't give a shit if I lose.

 

I know I am ruled by my ego. It is foolish for me to pretend otherwise. I feel that it is a waste of time to fool myself into thinking anything other than the above. In my particular case it is best for me to feel it, express it, release it as best as I can, and move onto the next trade.

 

Pretending or bottling feelings or thoughts is just not my thing.

Share this post


Link to post
Share on other sites

I voted to answer in the thread. After a really good day... I smile and say it could've been different. After a really bad day... I smile and say it could've been different (although it takes longer to come to a smile... losing sucks). This is a good business if you can keep things in perspective... it comes and it goes... give and take... learning from the losers and recalling the winners (actually learning from the winners too, but you learn about sucess from the losers). I rarely have bad days, and it usually doesn't come from trading.

Share this post


Link to post
Share on other sites

here veteran trader. 13years almost. I can say i'm always exausted, being that i win or lose. bad days have really a bad influence on my humour. the worst is when u have people around and expect u have to be happy or smiling or go to some place.....

Share this post


Link to post
Share on other sites

Win or lose ... to me, it's just another day @ the 'decision' minefield & just another event to learn from.

I never 'sim' trade, because (to me) something has to be at stake or there is not enough 'real' emotional pressure (or pain) to perform correctly.

If I felt the major emotional swings as described in many of the listed selections, that would mean that too much was risked.

Something in the middle works best.

Share this post


Link to post
Share on other sites
I voted to answer in the thread. After a really good day... I smile and say it could've been different. After a really bad day... I smile and say it could've been different (although it takes longer to come to a smile... losing sucks). This is a good business if you can keep things in perspective... it comes and it goes... give and take... learning from the losers and recalling the winners (actually learning from the winners too, but you learn about sucess from the losers). I rarely have bad days, and it usually doesn't come from trading.

 

 

Penny bags, Im stunned. If trading is a big part of your life, how can your bad days not be from the thing that is so important to you....trading!!!!? Unless your choice of relationships are sooo bad you cant think of anything else, LOL I admit I never heard an answer like yours. Is that good or bad? Elaborate a bit if you dont mind....

Share this post


Link to post
Share on other sites
Daytrading:

 

I love when I have winning days. The euphoric feeling of winning is what draws me to trading in the first place. I would never attempt to deny myself of such a reward. In the end, my gains won't be life changing, so I really do not give a shit if I win.

 

I hate trading when I lose. I get pissed off to the point of wanting to smash shit if it is an exceptionally bad day. My desire is to win. Anything less is an irritant. In the end, my losses will never amount to much, so I really don't give a shit if I lose.

 

I know I am ruled by my ego. It is foolish for me to pretend otherwise. I feel that it is a waste of time to fool myself into thinking anything other than the above. In my particular case it is best for me to feel it, express it, release it as best as I can, and move onto the next trade.

 

Pretending or bottling feelings or thoughts is just not my thing.

 

I used to feel like smashing stuff when I would have the kind of losing day where everything I did was wrong, and...I had a bad day the day before too. As long as nothing happens to even dent my certainty I can make a living at this, Im ok. Now if I have 2 or 3 losing days in arow and I know I did everything right, I take a sleeping pill to get to the next day and get a fresh start. Day over!

 

So what do you do now to get out of that wanting to smash stuff mode when you feel it coming on? Is there like one activity you can always turn to? I think most successful pro's DO have that one escape and the money they make is secondary to how they know how to stay in "state". Like for example Linda Raschke rides horses in the morning before she even trades. Thats pretty sweet, hah?

 

My opinion after 15 years of trading and reading and observing other traders is that, if the trader has a good relationship and has several hobbies he can always pick one out of the bag to shut off his computer and go do. But if a trader is not in a good relationship or marriage, doesnt really like where he lives, then wow.....when you have a losing day, all 3 things come crashing down on your head! And you have no release valve. When I was in the Navy, yuh know what happened when we couldnt unclog the release valve in the boiler/engine room. Evacuate the ship! But how can you evacuate yourself? Its hard. I do it with a sleeping pill. But thats not a cure for a bad trading system..."if" thats why I am losing.

 

Its one of the reasons I have tried on other forums to get people interested in forming a "trading club"....but with the goal of having a big beach house or condo overlooking something full of nature where we can all share our day together, and this way when you go home (if you dont live there) you have already vented and reviewed and maybe learned from the others what you did wrong. Maybe even a scenario where we got 4 or 5 people to share an office/beachhouse or cabin for 6 months a year and you go back home for the other 6 so you stay fresh. That would help soooo many traders and by reading market wizards I got the impression that some of them love to be on the go and fly all the time. The best trading year of my life was when I lived in a hotel in either Orlando or Daytona Beach, overlooking the beach,and watching my laptop and the women on the beach and the waves simultaniously all day....every day. Then you dont care if you lose because you can still afford to stay in the hotel. Awesome lifestyle! Maybe my next move would be to rent a cabin with a lot of trails near by to go for walks all thru the day while trading.

 

I guess what Im saying is: GIVE ME THE RIGHT PEOPLE AND PLACE AND ITS GOING TO END GOOD NO MATTER WHAT. And no, I still havent gotten to that place where I can do that every year. But, one day soon..... I mean, why bother trading if you cant live where you want to and be around good people living a healthy lifestyle. The pubs at night with beer in a frosted mug is your business. "wink"

Share this post


Link to post
Share on other sites

I cant believe in my poll, not one person will admit that their back hurts after sitting in a chair all day? I should have checked that one off myself. Plus when you have a really bad day where you lost every trade, AND all the trades you held overnight went south...tell me you dont feel like you turned into an old man in one day? But no one checked that box. LOL

 

I guess you guys are all triathlon athletes here then, or body builders. -)

Share this post


Link to post
Share on other sites
Penny bags, Im stunned. If trading is a big part of your life, how can your bad days not be from the thing that is so important to you....trading!!!!? Unless your choice of relationships are sooo bad you cant think of anything else, LOL I admit I never heard an answer like yours. Is that good or bad? Elaborate a bit if you dont mind....

 

My bad days are not all that bad anymore. Even on a day where I'm not trading well I manage to drag off something or finish flat (ish)… no real damage done. It wasn't always that way and I'm not so far removed that I can't easily recall the pain.

 

Finishing (beginning) emotionally flat on the day is a good skill to learn. It may just be my personality, but I know that after a large day, I'm going to be looking for follow through on the next day. Likewise; or possibly just the opposite, on a "bad" day I'm going to follow on the next day looking to make up lost ground. There are some aspects of "good" and "bad" fortune that forms any trading day… it's not all you… so, get over yourself. I try not to put too much emphasis on the day-to-day efforts, but more emphasis on the longer term results.

 

Trading is a large part of my life… my previous career was as well. When working for a salary, you can have a bad day and still come away with a paycheck (one of the best things about having an employer). Trading is no different… you're going to turn in a bad performance once in a while… you pay. Not understanding the game or getting bent out of shape over a bad day seems unrealistic to me. Soak your head… throw stuff… break stuff… go work out… get over it. My method is to pour a double scotch… then sip and slip out of the day… but I do that on the good days too (ha).

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

    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. 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.   Michalis Efthymiou 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.
×
×
  • Create New...

Important Information

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