Markets have been particularly volatile recently, at least for intraday traders and daytrading can create a significant amount of stress. Because our bodies are designed to adapt to stress, we may fail to realize that we are stressed out.
Here’s an inventory of common trader behaviors that may signify excessive stress.
Signs of Stress
-
A vivid fantasy of making lots of money today.
-
Feelings of invulnerability.
-
Eating breakfast or lunch at your trading desk.
-
Hyperfocus on price bars as they form.
-
Talking out loud to the market.
-
Bargaining with the market about an open position.
-
Cursing at the market.
-
Expressing irritation at partner, kids, pets, plants, inanimate objects.
-
Sudden urge to increase position size or frequency.
-
Canceling or moving stops for no good reason
-
Adding to a losing position.
TIP: Stress degrades decision-making. If you are stressed out, shift your focus
correct,bramesh
Absolutely. This is sooooo true. I will be taking a printout of these points and keep it where I can see them every day.
true sir.
Very well said