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The insomniac game...

  • #1
  • First Post: Nov 20, 2006 1:12am Nov 20, 2006 1:12am
Here's my conclusion,

It's me against the market, and it's a matter of how long I can stay awake compared to how long they can wait before they move my way...

Maybe I should start electronic execution....

Buy stock in Maxwell House (not Starbucks!)...
"The time to act is when others show signs of tire." --W.D. Gann
  • #2
  • Nov 20, 2006 1:15am Nov 20, 2006 1:15am
Actually, there are businesses in Colombia that you can't buy stock in...

Equation:

4X + Real Life = No Sleep!
"The time to act is when others show signs of tire." --W.D. Gann
  • #3
  • Nov 20, 2006 1:30am Nov 20, 2006 1:30am
If you trade with an actual plan you should be a able to sleep like a baby.

An example would be:

Short eur/usd 1.2950 with a stop above 1.30. Target 1.2550.
50-60 pip stop seems like a lot but just use less leverage. You can always add more leverage once the position is profitable.

Dont run after the trade. Let the trade come to you.

good luck!
  • #4
  • Nov 20, 2006 2:07am Nov 20, 2006 2:07am
My prime trading hours are 2200 until 0800, and I try very hard to stay awake during those hours so that it means that I have to sleep during the day. Living in time zone GMT-9 makes trading more difficult than it needs to be. And yes, it is a question for me also of whether I can outlast the market and stay awake longer than the market can delay moving. I need to move home again where I could trade during the day, it was so much easier. Yawn!
  • #5
  • Nov 20, 2006 3:03am Nov 20, 2006 3:03am
Quoting mbvg1
If you trade with an actual plan you should be a able to sleep like a baby.

An example would be:

Short eur/usd 1.2950 with a stop above 1.30. Target 1.2550.
50-60 pip stop seems like a lot but just use less leverage. You can always add more leverage once the position is profitable.

Dont run after the trade. Let the trade come to you.

good luck!
this is a very good approce
  • #6
  • Nov 20, 2006 3:09am Nov 20, 2006 3:09am
If constantly being in the market isn't your style, you can set up alarms to tell you when the market breaks one direction or the other. I sleep with the laptop beside the bed. The fiance hates the sound of my computer going off, but enjoys spending the money. Go figure.
The basis of a democratic state is liberty. ~ Aristotle
  • #7
  • Nov 21, 2006 2:56am Nov 21, 2006 2:56am
Your let your finace sleeps in the bed?


Regards,

Borat
  • #8
  • Nov 21, 2006 4:10am Nov 21, 2006 4:10am
Quoting Vensik
...I sleep with the laptop beside the bed. The fiance hates the sound of my computer going off, but enjoys spending the money. Go figure.
I do the same thing, although i will stay up to about 2am Pacific some nites to see if there is a move developing. I use a pillow speaker from my laptop (and in the past an fm transmitter from my main PC in another room sent out to the bedside fm radio/pillow speaker combo). Anyway, try the pillow speaker idea, my wife dosn't hear anything, though on occasion the light from the laptop monitor does cause a bit of a ruffle...but she knows it is worth it.

: ) Thom
  • #9
  • Nov 21, 2006 6:17am Nov 21, 2006 6:17am
It's a big mistake thinking that you have to watch the market every second, allways have the laptop near you, sleep with it.
If you are an intra-day trader, you have your trading hours. Wake up, make the money, forget about the market. Don't even think about it until next time.
If you trade on bigger time frames... sleep well and let the market do her job. Watch the market as less as you can.
Trading is not watching the market every second. When you watch it, play smart, then leave. Let it do what ever the market wants.
Try hard, think fast, die young
  • #10
  • Nov 21, 2006 7:07pm Nov 21, 2006 7:07pm
Quoting dukeofdents
Here's my conclusion,

It's me against the market, and it's a matter of how long I can stay awake compared to how long they can wait before they move my way...

Maybe I should start electronic execution....

Buy stock in Maxwell House (not Starbucks!)...
Excuse me, I don't believe that it's you against the market, because if it's you against the market you will never win as nobody beats the market...Actually I believe that it's you against yourself, if you can beat yourself, then you become successful in trading the market....


Thanks,

Nader
  • #11
  • Nov 21, 2006 7:09pm Nov 21, 2006 7:09pm
Why are you excusing yourself?



Quoting narafa
Excuse me, I don't believe that it's you against the market, because if it's you against the market you will never win as nobody beats the market...Actually I believe that it's you against yourself, if you can beat yourself, then you become successful in trading the market....


Thanks,

Nader
Profit is where readiness meets Opportunity
  • #12
  • Nov 21, 2006 7:21pm Nov 21, 2006 7:21pm
Develope your system then program it into an EA then let it run while you sleep. simple.

Don
  • #13
  • Nov 21, 2006 7:23pm Nov 21, 2006 7:23pm
Quoting mbvg1
Your let your finace sleeps in the bed?


Regards,

Borat
Hey, do not inpersonate me or I will not lend you my sister
  • #14
  • Nov 21, 2006 7:46pm Nov 21, 2006 7:46pm
Quoting FXopportunist
Why are you excusing yourself?
Just to be polite in the conversation


Thanks,

Nader
  • #15
  • Nov 21, 2006 7:49pm Nov 21, 2006 7:49pm
Trying to work out a bunch of different swing systems to decide on one while working a full-time job leaves one little time for sleep, hopefully I will find something that works for me and be able to leave it be. I'm just getting settled in to this thing...
"The time to act is when others show signs of tire." --W.D. Gann
  • #16
  • Last Post: Mar 15, 2007 9:34pm Mar 15, 2007 9:34pm
Quoting mbvg1
Your let your finace sleeps in the bed?


Regards,

Borat
That's Forex Forest Gump... of course she sleeps.
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