Combating Boredom in Trading (with Special Attention to ADHD Traders)
Wanna listen to this post? The audio is available at the bottom.
We're masters of action but struggle with patience.
In our dynamic world, if we want to stand a chance for greatness, we need to *take action*. The most ambitious people are well-programmed for this. Struggles arise when the right action is to take no action at all.
When highly ambitious people start trading, they often end up overtrading to fulfill their desire for action and a sense of productivity. It happens especially among traders with backgrounds in the corporate or business world, where immediate problem-solving is a powerful force — if something is wrong, it needs to be fixed instantly!
Yet, trading demands letting go of control to some extent. Sometimes, there are no signals, meaning there are no trades to be made. Nothing can be done except for being patient. However, long periods without setups can lead to boredom, but forcing trades is not the solution. So, how can traders deal with boredom while maintaining optimal performance?
In this newsletter, we’ll look deeply at trading boredom, exploring the increased challenge it represents for ADHD traders. We’ll then discuss how to eliminate boredom in your trading by 1) optimizing your trading practice and 2) improving your focus.
Let’s dive in!