The Art Of Do Nothing In Trading

[itu]

(excerpts)

“In trading, patience and the ability to sit still is not only a virtue, it’s gold . Doing nothing can be one of the most productive things you can do. But as one would expect, being the addicts that we are, the moment the trading session opens, we feel the urge to become more productive all of a sudden. It’s like our minds will not let us enjoy doing nothing. We have to analyze, anticipate, worry, stress, tweak, especially when we’re not supposed to”

“Society… it conditions us to continually chase money, power, and a faster, wilder pace of life. Don’t slow down, and God forbid don’t pause, don’t reflect. Keep chasing or you fall behind.

Over-schedule, overthink, overwork… this is the mantra. This is supposed to be what progress is. This is supposed to be what success is. Early, we learn to believe that this is absolutely normal, and in due time it becomes an addiction.

We can’t sit still for a moment. Just like any addict, sitting still and doing nothing makes us feel unproductive. We feel we’re losing time, so we become agitated.”

“Have you ever noticed that all these experiences–thoughts and sensations–are continuous?

You’re constantly pulled to mental states and body states, and, most of the time, you’re not aware that you are. You’re automatically in the stories, you believe them, and they urge you to act in a certain way. Which you do. Have you ever noticed that too?

Then, next thing you know, you’re entering your trades at the wrong time; you’re exiting at the wrong time; you’re removing your stop-loss; you’re increasing or decreasing your position size… essentially, you’re going against your trading rules.

This is a problem because this lack of awareness of your urges is costing you money. Trading is mostly a waiting game where you have to strike only when the time is right. If you want action that happens on your own terms, you’re in the wrong field. As a trader, you simply can’t afford to lack self-awareness.”

“The market does not hurry, it moves at its own rhythm, on its own time. And self-awareness helps you cultivate patience and ‘do nothing’ as that happens. This ability to let the market do its thing saves you time and energy. It allows trades to come to you. It puts a stop to the chasing. It embraces the natural order and evolution of things.” -

“The Do-Nothing technique is simply about interrupting your impulsive behaviors. It’s cultivating a calm acceptance that things in life can and will often happen in a different order than the one you could be holding in mind. It’s keeping a good attitude while waiting for your pitch. And this all starts with awareness.”

Source: https://www.tradingview.com/chart/SP...y+174+%28EN%29
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[Baz Dent]

A trader can do many things in trading but the core thing is market analysis depending on which a trader trades. A reliable broker is needed to operate trading smoothly. FXOpulence provides a reliable and smooth trading platform which includes more than 400 technical tools and free of technical errors.

[maspluto]

The ability to analyze is indeed a crucial factor in our success in forex. That's why I consistently develop my analytical skills so that I can analyze the market accurately and benefit from it, especially with Tickmill as my broker.