The more I trade live, the more I find that in order to be consistently profitable, trading should seem to be boring.
The more excitable you become, the more mistakes one tends to make. If you want excitement, go to a casino instead.
Anyone else agree with this sentiment?
[B]Boredom can be a very good[/B] [B]sign…[/B]
There are 4 progressive levels of ‘mind-change’ that successful traders go through: 1) Curiosity 2) Excitement 3) Boredom and finally, 4) Calm-confidence. Boredom signals the conscious-mind’s confidence in the trader’s strategies. After some time of consistent profitability (while bored), the trader’s intuitive-mind opens to the whole-mind thinking that rewards persistant traders with the consistent, calm-confidence of true masters. These levels apply to the development of any skill, used anywhere - even in casinos! :13:
Depend on how you look at it.
The exciting part is the learning, discovering and brainstorming journey.
You love your job, you will not feel bored doing the same stuff over and over again but also not over excited.
No matter your overall result is good or bad, you feel the satisfaction of being able to find for improvement or know something need to be fixed.
I would think most jobs experience boredom at some point. Boredom most likely means you are getting better at it and are lacking for things to learn.
[QUOTE=“jotekfinance;657412”]I would think most jobs experience boredom at some point. Boredom most likely means you are getting better at it and are lacking for things to learn.[/QUOTE]
Yeah I guess you’re right. The info online & in books seem to be repeating more & more nowadays. I just reread them just for positive reinforcement nowadays.
Now all you have to do is come up with a short pre-trade video that traders can listen to and become calm /confidence. :45:
Yes and no I guess. I love to trade which means I do not get bored doing it, but I do not trade calm and wait for my strategy to give me a trading signal and sometimes you can go a few days without one while you applied your strategy to 50 different currency pairs several times without a clear signal. I don’t view it as boring as you can always learn something even if you don’t actually place a trade.
While you should never rush into entering a trade as this can yield heavy losses, being bored may result in you missing out on opportunities. Love what you do so you can stay calm and entertained.