As we all know trading is an emotional roller coaster for a lot of people. Knowing this, as a trader every attempt to control that emotion should be applied. There are many times that trading should be put on hold. One example of this is vacation time. There is nothing better than a great vacation, but it can be tainted by worry of the market conditions especially if there are trades left to run. My recommendation is to take as many vacations as possilble and leave all worry about trading at home. Preperation is key to a relaxing vacation. So how can you prepare for a vacation??? First plan the time of your vacation around the markets lowest volume, then plan your trades around that time. For example if you are planning to leave and you have a swing trade in place, set your target and take profits before you leave. If you have trades that are still active you will be constantly thinking about them.
When you return from a vacation is equally as important. Depending on your length of time away from the markets, you will need to set out time to get re-familiarized with the current conditions. As you return to trading the emotion is at its strongest so be aware and trade accordingly. There is so much excitement built up because a lack of trading and this can be detrimental to your account. As you come back take some time to study the markets and get your mind back into trading mode. This is a large part of your trading plan and should be consistently be adhered to.
CFTC RULE 4.41 HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. All Software provided or purchased is strictly for educational purposes only. Any presentation (live or recorded) is for educational purposes only and the opinions expressed are those of the presenter only. Testimonials may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
Comments