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. Did your goal change?
2. Did you start getting ‘high’ from wins?
3. Did your trading schedule change?
4. Did you become obsessed with your segment of the market?
5. Did trading start affecting your life?
1. Did your goal change?
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.
2. Did you start getting ‘high’ from wins?
Well, rushes and ‘highs’ like that appear in our bodies for one reason – adrenaline. And it is quite understandable. After a big win it is natural that our body reacts to whatever is happening and throws adrenaline in 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 to 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.
3. Did your trading schedule change?
In order to bring the first two points to life we are to start paying more time to trading than we have originally intended. That means that we start spending way too much time in our trading space than we have planned originally.
Of course this is not only due to possible trading addiction but also due to the fact that it has become so much easier to trade. Every phone, tablet or computer can become a tool for us to earn a couple of hundred bucks in a matter of seconds.
If you have noticed that the quantity of your trading has grown, think – maybe you should take a break from trading altogether?
4. Did you become obsessed with 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.
5. Did trading start affecting your life?
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.
