Been having a difficult time making it behind the screens in the early morning, specifically when I like to start trading at 5 AM PST my time.
Sometimes of late I haven't been at the desk until close to 7 AM PST. Some of this is being up for Europe opens (especially London) and then having to be up again sometimes 2 -3 hours later. I think burning the candle at both ends for so long may finally be taking it's toll on me.
I tried to combat this by limiting my night time (my time) trading and choosing to focus only on the morning. But what has been happening is I haven't been positioning like normal around London open and I am missing those runners that come from the originating moves that happen around London open.
In tune as I'm so used to being up at night, even though I'm not trading, I am still not sleeping normally and this is making it even harder to get up in the morning (in the back of my mind knowing I'm not positioned).
I have always had an internal clock that ticked right along with the markets and it has never been a problem being behind the screens when the market was moving but lately I am losing the desire to get up. I wake up and my body says "no thanks" and I want to sleep longer :)
This is new for me because normally I am raring to go if the market is open.
I'm not sure what to do about it and I'm asking you for suggestions.
The reason I titled this email "15 hours" is because I decided for this coming week I would commit to being behind the screens from 6 - 9 AM PST Mon - Fri which is 15 hours. I am sure there will be enough moves during that time to capture some great trades and make it a great week. I am going to set an actual alarm (for the first time in many years) and be at the desk ready to execute at 6 AM PST.
I may trade Europe and pre-Europe this week as well if I am up at night. Why limit opportunity?
Going forward I'm not sure what to do. With the dominant trade increasingly taking place in Europe I don't know that I want to give that up. And I am certain I can't go on much longer with 2 - 3 hours of sleep at a time.
So fellow traders I am asking for your input and help. Surely I am not the first trader to experience this :)
What should I do?
Put your suggestions in the comments below!