Sometimes enough is enough, and sometimes we need special signs to tell us – traders – that we have had enough trading for a day or even for a week. We are so invested and interested in our trading that we need to stop and ask ourselves – did I have enough of trading?
Well, I am going to tell you – there are certain signs that you can follow. And here they are.
Did you have enough trading? Let’s find out!
1. You are getting high from the wins?
2. Your goals shifted.
3. Trading is now affecting your life heavily.
4. You are obsessed with trading and your segment of the market.
1. You are getting high from the wins?
Well, rushes appear in our bodies for one reason – adrenaline. And it is quite understandable. After a big win it is natural that our body is reacting to whatever is happening and is throwing adrenaline into our system. But some of us are getting addicted to this feeling. And that is where problems can begin.
We are looking for that feeling and letting our trading judgement be clouded for some time. That in its turn is getting in the way of clear eyes and mind and as our trading results. We start making decisions that have nothing to do with profits.
First bring the cold judgement back, then proceed trading further.
2. Your goals shifted.
The main goal of trading is making money. And in order to make them the fastest and the safest you need to analyze the situation in the markets and make informed decisions. When your goal shifts it can become ‘JUST TRADE!’ without ever looking at your money and your account funding.
But just trading with no analysis has never brought anyone any good. If anything it is going to disrupt the whole trading picture for you. And you are going to have to remember every time – I am doing this for extra income, not for trading itself.
When your goal changes in your head you are to take a break and readjust.
3. Trading is now affecting your life heavily.
It is only natural that our jobs are present in our free time. Over the weekend we think about the weekly challenges past and present. We talk about work over dinner and discuss it with our friends over the glass of wine. But when trading starts affecting your relationships, when you start skipping out on meet-ups and your family starts seeing you less – that is when troubles can begin for you.
Remember what is really important in life and do not let trading overtake your head and mind, find balance in everything you do. Only then trading is not only going to be profitable and enjoyable.
4. You are obsessed with trading and your segment of the market.
Do not get me wrong here. You are to follow and to perfectly know the situation in your segment of the market. You are to know all of the important players and all of the steps that they make. But being obsessed with them is a whole other level of wrong.
When you spend all of your free time thinking about trading and checking the news resources to see whether there has been any development, that is when you should just step away from trading for a few days. See what is really important.