Take A Break From The Stock Market: The Importance of Exercise and Eating Healthy!
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1) Take regular breaks from trading
2) Exercise - regular exercise helps keep your mental state fresh and sharp.
3) Have a hobby or pastime - make sure you have hobbies outside trading.
4) Nutrition - eating healthy regularly helps and make sure to keep clear of unhealthy foods like deep fried food.
Should You Take a Break from Trading? Donβt feel like you have to trade every day β learn to read the signs in your market, certain times of the day/month may offer better market opportunities than others. In fact you donβt have to trade every day or even every week or month to make a very good living as a trader. You only have to make a few good trades when the opportunities present themselves. A favourite quote of mine reminding me that as a trader it is never a good idea to chase a trade or chase after the price action is the following: βItβs better to be out of the market wishing you were in, than to be in the market wishing you were outβ. This is another way of saying βMissed opportunities are made up easier than trading lossesβ. In trading and financial spread betting, patience is most definitely a virtue and you will be rewarded if you keep yourself disciplined and focused on your trading plan.
Likewise taking breaks from trading every now and then is a good idea especially after a losing patch as it helps your mind stay lucid β so take two steps back, close your losing positions and look at your trades again after a few days. If canβt get yourself to stop trading, then try trading smaller sized positions with less frequency. How do you cope with stress and anxiety? My advice for any trader would be in the first place get some fresh air and exercise, in the second drink no tea/coffee (try hot Ribena) for a few days a week; and make sure you eat well (fresh vegetables, good fruit of juices, fish, meat once a week). A good digestion and lots of oxygen might help to reduce anxiety. Give that a few weeks and then maybe try CBT (Cognitive Behavioural Therapy). I know nothing of it except a bit about Ultrasis as an investment a few years back but Iβm told CBT can be handy.
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