What do you do when you're in a trade?

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Michael8667

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Serious here, I know every trader has there own thing.

I trade a grey box system so once I'm in a trade it's no good looking at the chart as my stops and takes are all automated in the system. Saying that more often than not I sit starting at them pretty little charts.

I did go through a stage of playing COD in between to take my mind of the numbers. I feel like I'm turning into a lean mean number crunching machine at times.

What do you guys do?
 
I generally work on strategy development, or improving automation, or reading forums for lulz. I will occassionally keep an eye on the charts and overide systems if something juicy pops up.
 
I also have stops and limits more or less taken care of so if I expect some data to come out soon after I still remain at the desk to keep an eye on the trade and potentially get ready for another one. In that case, I mostly browse the web and update my iTunes playlists :)
Otherwise I just go out and run errands, go to the gym, beer outside, shopping,.. just try to enjoy the freedom really.
:)
 
Some one once said that it's funny how quickly they all turn into 'hope trades' Lol. Actually playing an edge means that the trade is just a statistical occurrence in a sequence of trades that make up the sample of trades taken when that edge develops so ideally we should have no emotion attached to the individual trades. Of course in reality and particularly for the less experienced trader this is easier to understand and works in theory but sometimes not practice.

unlike the Thread Starter I don't use automated stops or limits but do know where my stop is and where I am going to get out. Until either of these things are reached I have found in the past that reading forums/posting on forums or other such distractions have helped me to stay involved in the trade, resisting the temptation to come out (which can impact on r:r and expectancy.)

Trade management also fills some time, ie once the trade is at a certain point in profit I'll place an actual stop then move to b/e after another criteria is reached (should I be staying in for extended gain) etc...

Lately, I seem to need these initial distractions less and less and this goes to the point about experience, I think in the end you do move closer to the feeling of it being a statistical occurrence as mentioned above, with less potentially pervasive emotional response that may lead to premature interference in a trade ahead of a pre-ordained stop/limit or target.

G/L
 
I've starting putting on a trade late at night so I can remove the major flaw in my system, which is me messing with it. So I define the trading range, mark out support and resistance lines, place my order, set my stop and target and go to bed. So far so good.
 
I don't need any distraction once I'm in a trade but it's damned boring staring at it so I end up posting on forums and sounding like a pompous ****. Still, keeps me from over-trading. :D

I also dabble with betting on football games. You call it gambling, I call you idiot.
 
The first step for a trader is making analyzing. Analyzing the fundamental and/or technical before opening position. What is fundamental analyzing? Analyzing macro economic of a country related with the pair I will trade
 
verbum4it said:
The first step for a trader is making analyzing. Analyzing the fundamental and/or technical before opening position. What is fundamental analyzing? Analyzing macro economic of a country related with the pair I will trade
Click to expand...


Why?
 
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