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EDUCATIONAL ARTICLE AT CTCR Online
LOCATION: INDEX >> GUIDE >> TRADING WHILE TIRED
 
Trading While Tired

Don't do it.

Your job as a speculator is to make money. To do that means that you must reduce your trading errors as much as possible. Being tired creates mistakes. Stupid mistakes. Are you such a good trader that you can afford stupid mistakes? I'm not.

I will sometimes come to work to trade and be tired and perhaps feeling under the weather. The best thing I can do is to simple stay away from the screen. Turn it off!

I need to make sure that I don't trade on those days because my self discipline is shot. I can't control myself.

I've been in situations where I have been tired and shut down all my positions because I didn't trust myself to have enough self discipline to handle my open positions let alone initiate new positions. I didn't want to have to make a decision while tired because I knew that that decision was likely to be wrong.

Don't trade while tired. Your equity statement can't handle it.

What do you think? Email me with your comments!

 

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