There’s a lot of discussion about the importance of routine and rituals in trading the markets successfully. Currently, this approach seems to work best for me…
Maintaining a healthy mindset and staying relaxed is crucial, but it’s important to remain alert and focused.
Although it all feels a bit superstitious to me (and I absolutely do not believe in anything of that sort), there does appear to be a correlation between specific actions I take and improvements in my results.
Kopparberg… it’s where it’s all at!
For me, indulging in a cheeky Kopparberg sets the perfect mental stage; my fridge is fully stocked!
Some fellow full-timers believe it’s utter madness, but it’s a strategy that works for me. While others need to hone their focus, I often find myself in need of a bit of calming down. Enjoying one or two of these during a session suits me perfectly. Besides, it’s one of the perks that solidifies this as the ultimate job for me! Where else could you enjoy such liberties without repercussion? Sometimes, it’s the small wins that bring the most joy, haha.
With summer approaching, I’ll really need to muster the discipline to stay in and trade the evening races. I understand it’s an opportunity too good to pass up, but what’s the point if you can’t enjoy the fruits of your labor? A bit of balance is definitely needed, I believe.
By the end of the summer, who knows? Things could end up being quite the tale… no joke.
Seriously…
However, on a more serious note, trading under the influence is a terrible idea. Don’t do it! (Yes, the obligatory disclaimer had to be mentioned.)
In my experience, trading while relaxed and enjoying one of your favourite drinks can be beneficial. Take today, for instance: it was a fairly average yet consistent day…
I might have cut it a bit close today. As I write this post, the alcohol is starting to kick in a tad more… Luckily, with the day’s trading over, my clean sheet remains untarnished!
Now… off to the pub!
Related Article: April Trading Rewards
5 thoughts on “My Trading Rituals… and Fuel!”
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hmmmm,, a little french stubby cold beer mid-session has often done the same for me, to take the edge off things — > but then re-read that and consider! The first few swigs have actually helped – but by the end of even a tiny beer I’ve been hindered, with mistakes that can only be attributed to the alcohol. Literally, took >the edge< off me! Each to their own of course, but I'd suggest pouring a small glass to calm the nerves if that works, and save most of the bottle for afters. That mid-session stubby has too many times been my undoing, with nice consistent results blown away in one trade close to the end of a session... Always prefer a good cuppa T now, as it doesn't introduce any new risks, whereas with alco, always a chance yr brain can doubt itself when the pressure moments come. Just my 0.2p, yr P/L always speaks of far more success than mine anyway, so its all relative to each individual and no-one knows yu better than you. I chimed with a recent post you made about going out for a run and then steaming thru the markets when yu got back tho.. Dr Andrew Menaker (a favourite trading psychologist of mine) always suggests to do something physical & get the blood moving. Check Popdoc Trader / Resources. He's just done a new webinar on TraderKingdom but I ain't heard it yet.... As yu always say, execution is everything 😉 All the best, always refreshing in itself to read yr bloG 🙂
Brilliant Blog!
What a way to make a living eh Caan? Sitting there with the sun streaming in, drinking a chilled Koppy and making £300+ per day …. not a bad life eh? Dave.
Yeah not that bad when you put it like that is it mate 🙂 only gonna get better with the flat kicking in!!