All professional traders know that trading is largely a mental game. I don’t think I have ever met a successful trader that said it wasn’t. That being said, I experienced what I call a trading overload these last couple of days.
What exactly do I mean by this? Trading overload is when your life stands still because you are either
- Trading 24/7 (Damn currency market)
- Reading about trading
- Talking with other traders about trading (Twitter/Stocktwits)
- Starting to dream about trading
When I started seeing charts in my dreams was when I knew I had to take some time off, clear the mind, and come back to the markets from a fresh standpoint. Some of my best trades have came after I took a break from trading and momentarily pursued other endeavors.
This last week I was able to go snowboarding, work on a couple different iphone apps in development, plan for my family farm’s expansion into other markets (wine coming soon!), meditate, skype with a couple game-changers in the internet entrepreneurship field, and get back on the path towards a healthier lifestyle . I feel better, sleep better, and know that I will trade better from my time off.
But now, it’s time to get back to what we all love, Trading!