DislikedI think it really matters what stage in your trading development you are in, but I will agree that TOO MUCH of anything isn't a good idea....Ignored
As for me, at this point, I like the idea of spending most of my awake time learning and developing my trading. I have seen huge improvement since January, when I joined this thread (which is a testament and thank you to all of you guys that post ). But I would still be reading 34000+ posts if I only spent 6-8 hours a day on it. Then all the other stuff (backtesting, exit testing, reading books, practicing marking charts with PPZ, etc)...
My wife and I follow Dave Ramsey's saying, "Live like no one else today so that you can live like no one else tomorrow." ie, Save now and work hard now, so that you can live and give [time and resources] later.
But we also understand the importance of living and giving in the now. Again, there must be a balance. When I start to feel burnt out, I take a 1/2 day off and go do something outside. That is what this career affords us. Keeping a journal with your thoughts was mentioned this morning and I think it's a great idea. It helps you document how you are feeling. That way you can respond and make changes if necessary... whether you feel like you are working too hard or not hard enough to reach your [written, detailed, measurable] goals.
I like that exit strategy idea Jarroo. I've tested something similar (-0.5R as initial stop) and it proved very profitable. Think I posted it somewhere.
Have a good one guys/gals and remember to don't work too hard. Just hard/smart enough.