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I'm very curious to find out your responses about this, and was quite reluctant as to where to start this thread.
I think it has a lot to do with trading psychology so i guess this is the right place, with the right people to debate what's truly behind your answers.
Please be honest, as i would like to see the environment in which most traders achieve better performance.
So:
What kind of music/bands do you like to hear while trading, if any?
Do you like, turning the news on, and listen as a background?
Do you have any feed from a certain trading room, or floor?
Does Granma chatting with your neighbours calm you enough to make your mind at ease while trading?
Do you enjoy sweet silence to hear your own toughts?
Do you have a mood-setting ritual prior to start trading, or do you just sit at the pc and work to whatever's on TV?
Have you even ever tought about this? how the athmosphere set could affect your trading performance, and how you could enhance it?
1. None.
2. None.
3. None.
4. No, I need to have no one talking to me in "real life". I can handle a few IM windows, because I can look at them when I have time to look at them.
5. Yes, requirement.
6. No TV. As for ritual, sure, but key points being I never put on a trade in a rush, I always want to have adequately looked at my charts to understand overnight activity, identify key S/R areas, and determine trend.
7. For sure. I know things that effect me negatively are people talking to me (in real life), it breaks my concentration big time. Phone ringing, dogs barking, etc. Those are to a lesser degree because I don't have to stop everything I am doing, I can ignore them for a few minutes until I have time to handle it. I am very set in my ways, I prefer things to be "just perfect".
1: I start my Itunes on random and hear anything from black sabbath to the zac brown band
2: I never listen to the news..when I first started I listened to it but realized that the charts reacted way before the news ever came out.
3: No feed from any trade rooms
4: I have no idea about grandma
5: I hate complete silence...I actually do better when there is some "chaos" going on around me...I get my 3 kids ready for school the first hour and it seems to be my best trading. I also im my friends through out the trading day and I seem to do just fine. I think it keeps me from over trading.
6: No rituals I usually turn on the laptop a few minutes before the market opens and go from there
7: I never have thought about it...maybe I should
Helps me get in the "ZONE". Get that "OK im da man! lets do this!" feeling. heh
Whats the best/worst kind of music to trade on? chill? classic? Fast/trance/rock?
I think other disturbances are very distractive to be helpfull on trading... i just wanted to see if somebody found helpful to have their mind distracted while theire eyes and primary instincs did the trading.... would something like that help out?
I'll listen to music and I either listen to classical (I think it was proven that Mozart actually stimulates brain activity) or 80's rock (cause it gets me all pumped up in a goofy feel good kinda way).
First, would like to thank you for great "picking" of themes for threads.
Music, of course all it's quite personally, can affect accordingly as per its type, i.e. rock will make you too active, "minor" music can give too much dreaming/relaxing, etc, etc.
I've heard such phrase : money like silence, however I like sometimes listen jazz, because that kind of music, seems to me, looks like more than other the same way as market looks
P.s. but finally all depends on level of trader's market experience/success
Agree with Andrew on the jazz part. Some music has a calming effect on me and I might listen to it while trading but usually I listen to nothing. Maybe it's time to consider adding music to the trading plan.
I don't listen to music, but I do listen to a fish tank. I have a sound generator application called Aire Freshener (free) that has all kinds of background sounds like a fish tank, beach, forest, rock concert (BLZ17 might like it) , underwater, waterfall, etc etc. You can chose whatever makes you feel you think you need to feel for whatever you are doing. I got this app to mask my tinnitus actually, fish tank works well for that.
- jazz is partly "son" of blues
- blues is "build" just on 3 simple accords
all other just "deviations", but "structure" is really simple
- first thing about jazz is to know great its "theory" (main theme)
- jazz more "complicated" than blues, but beauty is when you know/hear
main theme, apart from it you are enjoying things what makes jazz so great "variations/deviations" of main theme.
Is that not about market / trading ?
However I "was born" on classic hard rock and 70ties, but really mad about jazz and especially lounge vibe and groove romance + silence also great thing
For a decent free radio visit pandora radio (pandora.com). It picks songs that you like and adjusts to you. If you have vista you can get the widget and there's no commericals and you can skip unlimited songs. https://www.pandora.com/on-windowsgadget
I personally watch T.V when I'm trading becuase it keeps me awake, seems to make my trading better. I use a slingbox and it plays it on the right hand of the screen of the computer.
