When a person is bored or uninterested, certain tasks and projects can seem like torture! This feeling usually leads to procrastination, and procrastination often leads to failure. Here are some practical ways to avoid these situations and overcome trading boredom:
1. Recharge Daily Be sure to get enough sleep and rest each day so that you have the necessary energy you need to accomplish your trade oriented tasks.
2. Get a Friend Involved It's harder to be bored when another person is involved. If your trading activity gets to a point where you aren't looking forward to, invite a friend to trade with you. Trading buddies are great for adding a new dimension to your efforts.
3. Reward Yourself You're much more likely to be successful if there is a dinner out or a new CD waiting for you when (and only when) you have achieved a trading goal.
4. Do Things in Pieces Procrastination often comes from feelings of being overwhelmed. Break your trading sessions into manageable chunks that provide you with a sense of direction and process... possibly only trade in the morning.
5. Use Music Turn on some soft background or ambient music and let it help keep you calm and focused.
6. Take Breaks Don't be afraid to balance routine or monotonous trading sessions with rest periods involving things energize you and drive you on.
7. Stay on Target Don't get hung up on tasks that rob you of your precious mental energy. Maybe you'd love to change the way your chart looks or read a new trading review. If it sounds like a good idea but in the end it's really going to distract you from the task at hand, don't do it.
9. Get in Touch with the End Result Before you begin to trade, get in touch with the outcome. When your trading is finished, what will that mean to you? What will be better in life as a result?
10. Just Do It!! Don't think about it too much, just jump in and get it done!
Regards,
Adam Halpern
Indicator Warehouse, President
877-646-5249
www.IndicatorWarehouse.com
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any information in this document is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered in this document for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information found in this document exists for nothing other than entertainment and general informational purposes. We are not registered trading advisors.
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