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Health is wealth in a trader's life

  • #1
  • First Post: Apr 25, 2013 1:29am Apr 25, 2013 1:29am
Hello friends

"Health is real wealth" We need to be Healthy, fit and active throughout our life.Fitness is a lifestyle that helps us to eat good,look better and active in our life.As a trader our life is full of victories and failures .The market puts us in a diffrent situations , emotions, feelings and obstacles that everytrader has to cross to become sucessful.Some times we have a series of winners with good perfomence report and sometimes we have a series of losers with bad perfomence report
when failure knocks us down many of us give up very soon because of our emotion and fear,So being a successful trader is not an easy task, The mental confidence is the key for our success.To build the mental confidence you need to be active and strong in both mind and body.So this is where fitness helps us,Being fit means not about a good physique it means being strong,confident,active and healthy in both mind and body,After all fitness is a way of life.Some traders say that they don't have time for hitting the gym,working out for 1-2 hrs daily and lot of excuses to avoid staying fit,Fitness doesn't means you have to workout in gym for 1-2 hrs daily, Just spend atleast 40 minutes of your life for your health, Do the excersises in park,beach or home which ever place you are feeling comfortable.I am starting this thread for those who feel fitness is necessary tool in the life of a trader.Please share your ideas,workout plan, diet Plan,and most importantly how fitness helps you to stay motivated in life and carrier

THANKS ARE REGARDS
EAGLEPRICE
HAPPY PIPPING
  • #2
  • Apr 25, 2013 9:03am Apr 25, 2013 9:03am
I agree with you Eagleprice.
I don't have any sort of exercise regime. My exercise comes from gardening and taking our 4 dogs for a walk along the riverside or into the farming areas around here.
Here in Thailand it has just been too hot to do anything much over the last month. Even the dogs are not so keen on a walk. As soon as we reach the river they are in the water and they have a lot of fun playing but they are not keen to move on
At this time of year when daily temperatures are around 40 degrees centigrade + I find myself doing less physical stuff and I am sure that the lack of exercise combined with the heat makes me less positive.
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  • #3
  • Apr 26, 2013 11:57pm Apr 26, 2013 11:57pm
Quoting Gumrai
I agree with you Eagleprice. I don't have any sort of exercise regime. My exercise comes from gardening and taking our 4 dogs for a walk along the riverside or into the farming areas around here. Here in Thailand it has just been too hot to do anything much over the last month. Even the dogs are not so keen on a walk. As soon as we reach the river they are in the water and they have a lot of fun playing but they are not keen to move on At this time of year when daily temperatures are around 40 degrees centigrade + I find myself doing less physical...
Climate,weather can affect our physical activities only to a limit, Rather in this type of climate I prefer going for a walk or workouts early in the morning around 5 or 6 am which keeps us more active throughout the day Or If you feel workout is too much go for a regular jogging or walk at least twice a week have a fixed diet plan eat good sources like proteins,carbs etc avoid fat and cholesterol Just Plan everything in and around
  • #4
  • Apr 27, 2013 2:01am Apr 27, 2013 2:01am
you are touching very important point i was banging my head when considering going full time.

Purpose of trading is to be independent. Trading 12 or more hours a day, filled with stress and uncertainty, does not let you live normal life. Additiona l problem was that may pay was 3x average. So, have to beat that, right ?

So, what is the point ? i asked this many times, and again and again. I have traded that way couple of months to get taste of it. Full time would require this.

Here is combination that finally settled down for me

1. work and have normal life with exercise, socialising, carerr, family, holidays etc.

2. Find your edge that suits your temperament. Yes it takes longer that way. For me 15 yrs hobby level.

3. Then trade as big as you can, because you have cash, and swing or long term. If you stuff up can always refill account

This will give you normal life, healthy level of stress and good chance to get rich.
  • #5
  • Apr 27, 2013 2:22am Apr 27, 2013 2:22am
Quoting seaman2
you are touching very important point i was banging my head when considering going full time. Purpose of trading is to be independent. Trading 12 or more hours a day, filled with stress and uncertainty, does not let you live normal life. Additiona l problem was that may pay was 3x average. So, have to beat that, right ? So, what is the point ? i asked this many times, and again and again. I have traded that way couple of months to get taste of it. Full time would require this. Here is combination that finally settled down for me 1. work and have...
Sounds Interesting do you follow any workout routine to keep yourself relaxed, stress free,Do you have any diet plans and also what time do your workout to adjust your time with trading Please share
  • #6
  • Apr 27, 2013 2:44am Apr 27, 2013 2:44am
Quoting Eagleprice
{quote} Sounds Interesting do you follow any workout routine to keep yourself relaxed, stress free,Do you have any diet plans and also what time do your workout to adjust your time with trading Please share
I swing trade. My system spits out signal 1 x per 2 weeks or so, and i have several hours to enter limit orders.

There is no trading involved really. Just reading news as I would do it anyway. I exercise regularly regardless of trading.

Things change when in trade. That is when stress levels increase and remain high until exit. During that period I limit observation of markets to 2x a day for up to 1 hour.

Remainder just live as per normal. Once you forget about trade, because of work or socialising, there is no stress. Until moment comes to check the position.

Also avoiding at all costs mental masturbation what will I do with winnings during trade, or, how bad will account balance be when stop is hit.

After good trade, I celebrate. After every trade I make sure my head clears before even thinking of new trade.

thats about it really.
  • #7
  • Apr 27, 2013 5:30pm Apr 27, 2013 5:30pm
DEMO DEMO DEMO!!! DEMO until you are CONSISTENTLY profitable for at least 3 to 6 months!!! To stay healthy and stress-free when trading, you basically have to trade like a machine, just blindly applying your trading system/strategy in entering and exiting your positions given some slight discretionary adjustment in reaction to some spontaneous market-moving news and essentially doing this:

Quoting seaman2
{quote} ...avoiding at all costs mental masturbation what will I do with winnings during trade, or, how bad will account balance be when stop is hit. After good trade, I celebrate. After every trade I make sure my head clears before even thinking of new trade. thats about it really.
BUT you WON'T be able to do that, TRUST me you won't be no matter how tough you think you are mentally UNLESS you have ABSOLUTE confidence and trust in your trading system. And the ONLY way to obtain that confidence is through rigorous demo trading UNTIL it's profitable for a LONT term. It can be tough to stay demo trading for a long time especially when you see the tons of pips in profit that you are making but they are just on paper and it will be very tempting to go live. But trust me, the "lost" potential profit in demo is WELL WORTH it; it will save LOTS of headaches and heartaches and potentially LARGER REAL losses in live trading if demo trading was not done for long enough time.

The problem is the market is very dynamic and has many different possible situations, demo trading for too short of time might not have put the trading system through enough of the different scenarios to test its profitability. It's only through long-term observation and testing that you will be able to get a better assessement of your system's true profitability potential and will be more confident in it. Otherwise this is where mental masturbation happens, the panicking, the sweating, the doubting, the guessing, the regretting, the rising of the blood pressure and stressing through the losing trades. If you are absolutely confident in your trading system because it has been PROVEN to be profitable over a long term, you wouldn't care that much about a losing trade. After all, you will be able to make up the loss with the next trade if this one is losing one. Even the most profitable trading system will NOT be profitable 100%. Holy Grail system does NOT exist!! As long as the trading system has a good profitability ratio, you know you will be fine and the only way to be sure of that stress-free is through demo trading. If for whatever reason that the live trading results is TOTALLY different from that from the demo trading even if you have done everything EXACTLY as in demo trading, then you need to find out why and go back to demo to further tweak your system if necessary.

Bottom Line: Money can come and go but health stays with you forever. Even if you have lost everything in trading, blown up your account, if you still have health, you can still start all over again. But if you have won huge profits in trading, earned millions in your account, if you've become bed-ridden, you can't have any of it. Do yourself a favour, do what my signature says.

Good trading!!
Make your losses in demo. Earn your profits live.
  • #8
  • Apr 27, 2013 5:52pm Apr 27, 2013 5:52pm
Quoting Forexia
DEMO DEMO DEMO!!! DEMO until you are CONSISTENTLY profitable for at least 3 to 6 months!!! To stay healthy and stress-free when trading, you basically have to trade like a machine, just blindly applying your trading system/strategy in entering and exiting your positions given some slight discretionary adjustment in reaction to some spontaneous market-moving news and essentially doing this: {quote} BUT you WON'T be able to do that, TRUST me you won't be no matter how tough you think you are mentally UNLESS you have ABSOLUTE confidence and trust in...
Yes, yes, yes, YES.......best post I have read in a long time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9
  • Apr 27, 2013 6:17pm Apr 27, 2013 6:17pm
Quoting Forexia
Bottom Line: Money can come and go but health stays with you forever. Even if you have lost everything in trading, blown up your account, if you still have health, you can still start all over again. But if you have won huge profits in trading, earned millions in your account, if you've become bed-ridden, you can't have any of it. Do yourself a favour, do what my signature says. Good trading!!
not everyone will agree with above. i have seen enough shortterm traders health (and/or personalities and/or lives) destroyed, to put me off this path.

Then decided : or it will be humane or drop it. Took me a while to find good solution. found swing trading to nicely fit in my normal schedule. We all die one day, i am making sure it is not because of trading.
  • #10
  • Apr 27, 2013 6:54pm Apr 27, 2013 6:54pm
Quoting Forexia
To stay healthy and stress-free when trading, you basically have to trade like a machine, just blindly applying your trading system/strategy
A machine does not have to stay healthy, does not know the meaning of stress
and is totally oblivious to all things except what it was programmed/engineered
to do. So how is that even relevant?

I understand "just blindly applying your trading system/strategy" but it's still
irrelevant pertaining to "Health is wealth in a trader's life".

I mean... seriously. If I were to trade like a machine I would sit on my dead
ass 24/7, never eat, never sleep.................... get it?

Always on the flip side

Your Friend

S0B
When the Joker is in the deck.. fear not and play it well
  • #11
  • Apr 28, 2013 5:52am Apr 28, 2013 5:52am
  •  rayzeel
  • | Joined Nov 2008 | Status: Automated/DiscretionaryTrader/Coder | 37 Posts
Im also doing a lot of exercises, both phisical and mental. My workout is 3 times a week, and at least one swimming pool. Diet is very simple... avoid any unhealthy food A lot of vegetables, fatless meat... fruits, juices instead of soda... Everything you can read on dedicated webpages or magazines. Simple but need will power to stay with plan... same rules are on market.
  • #12
  • Apr 28, 2013 7:28am Apr 28, 2013 7:28am
Quoting rayzeel
Im also doing a lot of exercises, both phisical and mental. My workout is 3 times a week, and at least one swimming pool. Diet is very simple... avoid any unhealthy food A lot of vegetables, fatless meat... fruits, juices instead of soda... Everything you can read on dedicated webpages or magazines. Simple but need will power to stay with plan... same rules are on market.
Sounds great ! Can you share your workout routine
  • #13
  • Apr 28, 2013 7:30am Apr 28, 2013 7:30am
Quoting Forexia
DEMO DEMO DEMO!!! DEMO until you are CONSISTENTLY profitable for at least 3 to 6 months!!! To stay healthy and stress-free when trading, you basically have to trade like a machine, just blindly applying your trading system/strategy in entering and exiting your positions given some slight discretionary adjustment in reaction to some spontaneous market-moving news and essentially doing this: {quote} BUT you WON'T be able to do that, TRUST me you won't be no matter how tough you think you are mentally UNLESS you have ABSOLUTE confidence and trust in...
100% truth in your bottomline health is wealth !!
  • #14
  • Apr 29, 2013 3:10am Apr 29, 2013 3:10am
Quoting Eagleprice
{quote} 100% truth in your bottomline health is wealth !!
Especially we need to be mentally healthy!
  • #15
  • Apr 29, 2013 3:57am Apr 29, 2013 3:57am
Quoting seaman2
{quote} not everyone will agree with above. i have seen enough shortterm traders health (and/or personalities and/or lives) destroyed, to put me off this path.
I have seen enough of this as well. There are 3 key ratios in the body, they are the sodium/potassium, calcium/magnesium and zinc/copper. These need to be kept in a very tight range to be healthy, people who have been under a lot of stress will loose zinc and magnesium very quickly, this is done to prop up the sodium level so the adrenal glands can mount a stress response. So you can see if trading puts you under stress enough all these ratios will be affected, once this has been going on a few years eventually the sodium level will start to fall because the body is worn out, your body will then start getting rid of large amounts of zinc and copper then to try and hold up this level.
( both zinc and magnesium oppose sodium)

The effects of this will be tiredness, bloodsugar and blood pressure will be off but the worst effects will be mental, too much copper in the brain will give you a tired body but an overactive mind, one that can't switch off when you want to relax you'll be thinking all the time.

There's a lot more to this but i will stop now before i write a book.

Vegetarianism will also destroy your body in this way overtime as well.
  • #16
  • Apr 29, 2013 4:26am Apr 29, 2013 4:26am
Quoting amyc
{quote} . There's a lot more to this but i will stop now before i write a book.
I, for one found your post very interesting. I have extreme problems switching off my brain lately.
If you have any more like this to add, I would find it useful, I'm sure.
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  • #17
  • Apr 29, 2013 4:59am Apr 29, 2013 4:59am
Quoting Gumrai
{quote} I, for one found your post very interesting. I have extreme problems switching off my brain lately. If you have any more like this to add, I would find it useful, I'm sure.
if you have winning system, you have winning system regardless of exit technique.

so you can adopt exit technique to address this problem, say exit immediately any bad smelling trades. This will minimise time you are in BAD trade which is more stressful than beeing in trade moving in your direction.

Heard of good system for stocks where one exits when drawdown >= 1% from top. For fx, use say 10 pips or less.


your equity curve will look more like steps without much walleys.
  • #18
  • Apr 29, 2013 5:38am Apr 29, 2013 5:38am
Quoting seaman2
{quote} if you have winning system, you have winning system regardless of exit technique. so you can adopt exit technique to address this problem, say exit immediately any bad smelling trades. This will minimise time you are in BAD trade which is more stressful than beeing in trade moving in your direction. Heard of good system for stocks where one exits when drawdown >= 1% from top. For fx, use say 10 pips or less. your equity curve will look more like steps without much walleys.

I didn't mention anything about exit technique.
I'm a bit confused as I have no idea how your response relates to my post.
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  • #19
  • Apr 29, 2013 5:45am Apr 29, 2013 5:45am
Hi all,
Everybody's view "HEALTH IS WEALTH". But nowadays, wealth is to keep health and WEALTH IS HEALTH if'

one is to survive out of illness.

To be wealthy, the discussion forum has pointed out clearly what and what not to be practices.
Agreeing fully on the subject, as a trader I realised that our exposure to sun is quite less and in fact
negligible. That results in loss of VITAMIN D and furtherance to knee and joint pains. Long sitting traders
get the pains not only consistently sitting but also due to this sun vitamin.

Good luck and avoid long sitting

T.S. RAGHAVAN
  • #20
  • Apr 29, 2013 5:45am Apr 29, 2013 5:45am
Quoting Gumrai
{quote} I didn't mention anything about exit technique. I'm a bit confused as I have no idea how your response relates to my post.
You mentioned that trading impacts your health.

what i meant was to minimise impact of trading on your health, you minimise time in trade, especially bad one. one measure at least.

prevention better than cure.
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