How do you sleep đ´?
Interesting topic, interesting position analogy. I have included a few images of my own to add to the conversation of sleep Vs investing/trading.
First thing first, I note with interest that the first sleeping posture is attributed to investors while the rest to traders. Quite obviously, the image creator has differentiated investors from the perceptively higher risk-taking traders.
Looking at the first image I have attached below. I understand exactly what a scalper gone through... Especially if you don't have a trading plan! I was trained to be one in my FX days... It is fun, it is exciting, it is painful... And obviously you DON'T WANT TO SLEEP through a trade! I remember making a thousand and happily shutting down system to go home. Only to realise the following day that the trade had turned and was stopped out. I lost hundreds just for that trade.
I would like to believe that I am a long term non-sleep losing investor. Indeed, my best sleep posture is lying on my back, with little or no tossing. I could even slept through the night on a armchair without any problem (Oh yes, I have tried that for a year! đ¤Ł)
In the early days of stock trading, I do have sleepless nights. It is an on and off experience. The tendency to follow a trade is just too high. If the trading hours happened to be office hours, and I have been considering to take loss or enter a position, I might ended up checking my handphone frequently. If the trades happened overnight, I might take some hours to follow a trade.
Gradually, with more losses and experience along the way, sleeping and investing no longer compete. I do as much research as I could and plan a trade... Then trade the plan... So that I could lie peacefully on my back whenever I need or want to...
The 2nd and 3rd charts are just for reference. No matter how the charts continue, have a plan... And trade the plan... Good night! Sleep tight... [Cool]
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