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Atraderisneverreallyoffduty.Whentradingisyourprimarylivelihood,researchingnightsandpracticingonweekendsisanormalpartoflife.Butthatdoesnotmeanyoushouldn'ttakeabreak.Steppingawayfor1or2days,orevenaweekjustcouldbethekeytokeepingyourtradingbusiness-andyou-ingoodcondition.
Alltoocommonly,though,tradersrejecttheholidaysothersgrantthemselves.Inmostworkenvironments,employeesenjoytwo-orthree-weeksoffayear.Inthemeantime,"tradeaholics"pridethemselvesonstayingconnectedtotheMarket,stillcheckingtheirchartsfromanoceanfronthotelroomorEuropeangetaway.
Ifyouthinkyouwillmissoutonsomecriticalmarketactionduringavacation,thinkagain.
Hereare5reasonsyoumusttakeabreakfromtrading:
- Youwillliveforlonger.TheFraminghamHeartStudy,adecades-longstudyintothecausesandriskindicatorsforheartproblems,foundapowerfullinkbetweenholidaysandlongevity.Evenaftermakingallowanceforaconsiderablenumberofotherlifefactors,peoplethattookmoreholidays,livedthelongest.Goonholidayonceormoreayearandyourpossibilityofdeathfallsbytwentypercentcomparedtopeoplewhokeepworking.
- Youwillhelptheonesyoulove.Thereisatremendousamountofresearchtosupportthefactthatpurchasingexperiences-likeaholiday-increasescontentmentmorethanpurchasingpossessions.Thememoriesofthoseexperiencesalsolastmorethanthesatisfactionwegetfrompurchasinganautoorflat-screentelevision.Thinkaboutyourownadolescenceforaminute:Areyouabletolistallofthepresentsyouweregivenforeachbirthday?Likelynot.
- Butitisverylikelyyoustillhaveclearmemoriesoffamilytripstakendecadesback.Areyoumakingthosememoriesforyourownyoungsters?Travelreinforcesfamilybondsbymakingsharedmemories.Aholidaynowisaninvestmentinyourfamily'sfuture.
- Youwillcomebackamoreeffectivetrader.Mosttradersareconstantlytryingtoimprovetheircraft.Yetwecangetstuckinrut.Thebestwaytogetanewpointofviewistogetaway...refreshyourbrain,andcomebackwithanewcreativeperspective.Thatsuggests,atleastaweekoff(notaquickiethree-dayweekend)andNooccasionalchecksoftheMarket.Onlywhenyou'veclearedyourgreymatterwillthereberoomfornew,innovativeconceptstobloom.
- Itcankick-startyourtradingplan.Doyouhaveatradeplan?Ifyouarelikemanytraders,theanswerisanembarrassed"no."Itisoneofthosethingsweplantogetaroundto,butultimatelytypicallydonot.Atradingplanisnotsomehypotheticalexercise.Itisapracticalcomponentforsuccess.Yourtradeplanwillactasananchorwhenyouarerockedaboutbyaseriesoflosses,orgetcarelessfromastringofwins.Aholidayistheidealtimetogiveyourselfarestandthencomebackfocusedonplanningyourtrades,andtradingyourPlan.
- It'llputyourdaytradingintosomekindofperspective.Manytraderskeepcheckingthemarketwhileonholidaysimplythruobsession("Ineedtoknowwhat'sgoingon")orfear("Imightmisssomething").Knowthis...majortrenddaysmayhappen,andyoumaymisssome'greatmoves'.Butyourtradingbusinesswillnotcrumbleifyoutakeaweekoff.
Notrader'slong-termsuccessissetbywhatoccursoveroneweek.Timeoffmayhelpyoutoseethatyourlifeiscomposedofmuchmorethanjusttrading.Hopefully,itwillalsoconfirmthatyourtradingisactuallysomethingthatbringsgreatsatisfaction.Ifthatisthecaseit'llmakecomingbackfromholidayamuchlesscomplicatedexperience.
BestofSuccess!
AdamHalpern
IndicatorWarehouse,President
P.S.Iwrotethisonmyfamilyvacation,aftereveryonewenttosleep.
Indicator Warehouse's mission is to enable traders to make their own "Holy Grail," by creating a personalized trading tool box. We are the single location where traders can choose from a wide variety of NinjaTrader technical analysis tools, at very reasonable prices. Indicator Warehouse represents the best and brightest NinjaTrader programmer/consultants in the industry. Every day, we help day traders put together customized sets of technical analysis tools to enhance their charting capabilities and make their trading experience easier and more profitable. Learn more at http://www.IndicatorWarehouse.com
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