View Full Version : Too Much Time Trading

07-04-2011, 12:14 AM
Too Much Time Trading

Now that you know it is sometimes wise to stay on the sidelines, you should only trade high risk-reward ratio plays, and you must always use a stop-loss, let?s move on our next topic: spending too much time staring at Level 2 screens, examining charts, and trading.
Are you constantly trading after the closing bell and pre-market? Some traders dedicate all of their time to reading fundamentals, checking the news, and looking at charts. Every trader needs to do these things, but you must allocate a small portion of your time to these matters, not all your time.
You should try to avoid listening to the media, especially the analysts who lie, and you must try to ignore stock tips from your local banker. All of these different opinions can cloud your better judgment. Many traders become frustrated because they work so hard and still lose money. Some work 18 hours a day or more, trading during lunch, watching CNBC while eating dinner, asking everybody for stock tips, etc. This is a common mistake by beginning traders. They do not focus their time on doing the things that will help improve their trading.
Traders should be printing out charts of the stocks they traded that day, labeling the entry and exit points, and documenting their reasons for entry and exit. By doing this, a trader can find out what his common mistakes are as well as his strong points. By reviewing these notes on the chart, the trader can clearly see if he is getting a bad entry, getting shaken out of position, taking a stop-loss of 2 cents only to see that he was actually right after-the-fact, or, more commonly, taking profits way to early.
Traders must discover their worst habits and spend their time correcting them. They should also calculate their commissions at the end of every day, including SEC fees, pass-through fees, and any other charges. This gives the trader time to reflect on the cost he is actually incurring when he gets into low risk-reward ratio positions and make him think twice about doing it again. Every trader should devote more time to reviewing and correcting errors instead of spending their time actually trading.

Master Forex IB
08-09-2013, 05:14 AM
I avoid too much trading . I have a target to achieve some pips in 2 to 5 trades . After it I do not trade even market is in favor. Forex is 24 hours trading we can not do it all the time . So it is good to do some good quality trading .

06-18-2015, 08:43 AM
I trade for about 2-3 hours a day. I don't mean that I trade during all this time. I learn some new things about Forex, analyze the market and plan my trade as well.

07-19-2015, 05:18 AM
I just suggesting for not overtrading, its bad for you.
If you feel unconfident, let's stop and take a rest.

07-26-2015, 08:36 AM
Yes one should not spend much of the time trading, as over trading often leads to fatigue and stress, which takes out fun out of trading.

09-04-2015, 11:35 AM
I dont trade more than twice a week. thats kinda my job but im not a psyco. i use charts? trading signals and indicators like this. its enough to me

09-05-2015, 11:48 AM
Real trading is done on higher time frames, if you want to make consistent profit from trading, then you have to trade on longer time frames. Trading on longer time frames can be done while spending very less time on charts.

Ao hao
10-14-2015, 07:25 AM
Yeah, forex is very important for us because we deposit real money, but forex trading should not be all thing of our life, and the objective of trading should be make our life better!

10-14-2015, 02:10 PM
Forex is risky guys, if you are not talent trader. I suggest you to join sync-trading program from Mayzus. You can follow the best trader there, so you just joined and follow the trader, your account will work automate. Its safe your time and increase ur profit. https://www.mayzus.com/index/sync-trading/

Annette Ashley
03-21-2016, 07:51 AM
This is the issue that I see creating most trouble. We are always taught various ways of trading, but never anyone guides one to stop trading and just focus on the market, I believe nothing trading itself is a way of trading, the moment we realize how much important this can be, it will help us succeed. I am fairly lucky to work with top notch company like OctaFX and with them; it’s all simply too easy for me given the low spreads, high leverage and such stuff.

William Wesson
02-28-2020, 04:00 PM
For instance, in a Dow Jones futures e-smaller than expected agreement, a trader just needs $2,500 to control $50,000 worth of stock. In any case, none of these markets moves toward the power of the forex market, where the default leverage all things considered sellers is set at 100:1 and can ascend to 200:1. That implies that a mere $50 can control up to $10,000 worth of currency. For what reason is this significant? Most importantly, the high degree of leverage can make FX either extremely rewarding or exceptionally hazardous, contingent upon which side of the exchange you are on.