Trading and quality of life balance

Discussion in 'Ask any question!' started by JohnnyTradeInvest, Oct 5, 2021.

  1. JohnnyTradeInvest

    JohnnyTradeInvest New Member

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    I'm wondering what helps you find a balance between trading and quality of life. For one who has a job/family/hobbies, how do you prevent yourself from getting carried away or consumed by the markets?...
    Interested to have your thoughts/perspectives on this.
     
  2. StockJock-e

    StockJock-e Brew Master
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    If you go on vacation and you have some very short term speculative positions on, take 3/4 off the table so you can enjoy your holiday and not be glued to your phone!
     
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  3. JohnnyTradeInvest

    JohnnyTradeInvest New Member

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    That is a good idea.
    I'm sure I'd come back refreshed and trade better on the return :)
     
  4. B Russ

    B Russ Well-Known Member

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    I used to trade more. Options. Scalps whatever. I was always stressed. Ive switched to only buy long term shares. Its much less stressful and i can look at my phone once a day to check in. Not stress if its a red day, and move on with my life. I personally feel if trading is ruining my living my life balance, than i am overtrading.

    i now only trade companies i already am familiar with and if some catalyst news happens. Which is usually pretty rare.

    case in point. NIO just announced a new model, oldman sacks upped them to a $56 target. I bought calls, and now am market stressed for the first time in months. Lol
     
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  5. JohnnyTradeInvest

    JohnnyTradeInvest New Member

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    This makes sense B Russ. I hear ya! Yes, I could imagine it's a quest to find the right balance. I guess we need to adjust here and there along the way (of course nothing is perfect). Somewhere between overtrading and never looking at the markets (quite a gap). I know a couple people at each end. I have a tendency towards overtrading (overdoing it, it makes me feel less settled), when I do have the time to trade. Something I'm trying to do is establish a routine: a set of steps I methodically follow every day at a given time; don't have to think; can go on autopilot if I want to; then don't think about it the rest of the day. I'm relatively new, learning...
    I also like meeting with friends who trade to share our ideas, which can break the monotony of things and freshen things up. (As long as we're not talking about it 24/7, lol, it's good to move away from it, too ; -). And, hey, forums of course, hehe (I visit forums now and then, I find it can energize our routine and a nice sense of solidarity). I'm in Canada so I'm on a Canadian forum + this one. It seems Canadians have different investing styles so it's nice to have different perspectives and a well-rounded view :)
    Anyhow, thank you for sharing, and it's encouraging to know you have found some balance!
    Hey, thank you for the NIO share : -) Hope it won't get you too off track! ;-)
     

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