The Art Of Do Nothing In Trading

ituglobal

Master Trader
Apr 17, 2013
523
33
69
(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/S...mail&utm_campaign=TradingView+Weekly+174+(EN)
 

Darius

Newbie
Dec 18, 2023
4
0
1
30
True sometimes not just in life but in trading doing nothing is better, you have no risk if you do nothing.
 

Amy4

Trader
Mar 15, 2023
48
7
19
29
Well-written! Focusing on quality rather than quantity is indeed a wise approach to trading. Sometimes, no trading can be more profitable than overtrading!
 

Phill88

Trader
Dec 17, 2023
74
12
14
Germany
Patience in trading aligns well with Stoic philosophy.
Marcus Aurelius words: "You have power over your mind - not outside events"
 

Chadpowell

Trader
Apr 8, 2023
84
21
24
New York
It takes a long time for a trader to understand that sometimes doing nothing is the best thing to do.
If the market is volatile and news is affecting it in a crazy way, then do not trade. If you are not in the mood for trading or if you are not stable mentally, then do not trade!
If you find this, your daily journal will definitely change.
 
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Reactions: Phill88 and bid

CallahanSinclair

Active Trader
May 13, 2023
119
16
34
40
It is also a wise strategy and sometimes pays off more. I think the best thing we can do is wait for the clearest opportunities and avoid unnecessary risks.
 

NatureGirl

Trader
May 3, 2023
89
13
24
22
so before id literally jus sit there and stare at the market every time i made a trade and it was like super stressful. but ive totally learned to just close my laptop and move on after each trade.