Good trading can get boring. In fact I use boredom as an indicator that I am trading well. There is nothing to do but monitor the market occasionally, read news and blogs. Act only when my system indicates a time to act.
Over-trading is the surest indicator that one is on the wrong path. In the past month my system had 14 trades in EURUSD, 13 trades in EURJPY and 10 trades in USDJPY. By comparison, my actual trading had 23 trades in EURUSD, 34 trades in EURJPY and 22 trades in USDJPY. And compared with my 12.6 % profit in February, my system had the following profit gains : EURUSD = 88.4%; EURJPY = 82%; USDJPY = 55.1%. We can see the correlation between the number of trades and overall profitability.
So I need to figure out what to do with my time (I’ve brought up this problem before in my posts ;-)). Trading a strict set of rules is a strange kind of job – I seem to be doing nothing, and really don’t have much to do, but I need to be close to the computer and need to monitor the markets every so often. So I cannot take a day off to go hiking in the hills, or a full 18 holes of golf (I don’t play golf, but I keep thinking I should start!). I need to get more comfortable with trusting the system 100% so that I may go play golf and only fire up the laptop every hour or so and spend 5 minutes monitoring the markets and the news.
Second to the psychology of trading I have found the lifestyle issues around trading the next hardest thing to manage well.