I'm sitting here, shouldn't I be doing something?

We sit in front of our workstations way too long. The result is often a loss of discipline with impulse trades, going off piste, fudging our trading plans, and trading when we shouldn't be because the odds are not in our favour.

I've made trades where IMMEDIATELY after I click my mouse I think to myself, What in the world did you do that for?

In testing, one of the things that can be tested for is "time of day". When do your setups work best? I've said that I knew lots of locals who only worked the opens and the closes and, in London, the opening of the U.S. markets.

One clearing firm I used had a room that became the poker room where we could try and pick each others pockets off the floor. It was a way of staying away from markets we didn't want to be tempted to trade.

Most markets have definite sweet periods and confining trading to these times makes more money. I make money when a market is out of balance and is trying to find new balance - balance between buyers and sellers.

Another way to limit myself is by taking my Market Profiles and marking out the areas where I want to do biz.

Today's vid shows an attempt at the Gap trade in the ES and then a change of mind and why.