The speed and convenience of day trading have made it attractive to many people who may not otherwise have been involved in the stock or commodities markets at all. If you are like many of the individuals who get involved in the markets you are going to end up experiencing some degree Day Trading Stress. You may even feel like it may not be for you after all. This is the time when you need to be realistic about you expectations, how fast you can learn the markets, and how much even the most trading stress you will be psychologically prepared to deal with during those frustrating days in the market.
Trading Stress Does Not Signify the End of the World
Provided you are only trading a reasonable amount in the markets; a bad day should not be the end of the world for you. Some markets tend to be more intense than others are. For example, if you’re day trading futures, you’re involved in a very fast-moving market where the risks and rewards are both potentially very significant. If you have a bad run of luck day trading futures, of course, you are doing to feel some trading stress. But, remember that reaction is normal and to be expected. Don’t start thinking that day trading isn’t for you just because things got hard. The most successful day traders in the world didn’t get that way because they gave up the first time they found out that day trading isn’t necessarily easy.
If Trading Stress Hits, Take a Day Off
If you’re day trading for your primary means of income, you’re self-employed. If you’re self-employed, you are in charge of when you take a day off. Go ahead and the trading stress behind you – take a day off if you need one! The best day trading software out there can give you all the information you need about the markets, but it cannot give you information about you. Only you know when you need to get away for a while. As a tip to making this possible, needing to take a day off once in a while is why people who are self-employed tend to work up a good amount of savings. Those savings translate directly to freedom when you need a day away from the office.
If you’re feeling a high amount of trading stress, and you just cannot get yourself to get away from it for a while, start using your technical analysis indicators to try to figure out where you may be going wrong. Sometimes, the best thing you can do as a trader is to take a break from the markets and to look at all of the information you’ve generated so far. Insight is never a bad thing for a trader and taking the time to get it is never a waste.
For more from Erich, visit the Indicator Warehouse for additional futures resources and NinjaTrader Indicators.