Do you ever feel like your trading is “in the zone?” You’re in sync with the market and can do no wrong? Will your luck be due to run out soon?

In this episode of 2Traders Podcast, Darren and Walter dig into the idea of trading breaks, when and why you should take them — and the ideas may sound counter-intuitive.

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According to Walter, there’s one way to “see” the charts clearly (and it may not be what you think). Darren also offers time-tested advice on how to keep your short term expectations on track.

You will also find out “the best age” to pursue a career as a money manager and see where you stack up. All this and more in this episode of the 2 Traders podcast…

Download (Duration: 22:44 / 26..0 MB)

In this episode:

00:46 – push your luck

04:25 – little value

07:09 – a nice and clean pattern

09:31 – struggling

10:01 – a fresh look

12:03 – storytelling genie

14:20 – juggle

15:16 – a young man’s game

18:54 – outside of the norm

20:47 – nailing it down

22:01 – extreme and drastic

Tweetables:

Keep the vital signs of your system normal. [Click To Tweet].

Have a break whether you are winning or losing. [Click To Tweet].

Always take a fresh look at the charts. [Click To Tweet].

Download The Full Episode 77 Transcript Here

Walter: You run into these sorts of ruts and you get stuck in your ways as you age but, the good news is, there are things that you can do to guard against that…

Announcer: Two Traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.

Walter: Welcome to the Two Traders Podcast. Hey,  Darren. How is it going?

Darren: Pretty good, Walter.

Walter: We are thinking about this idea about when you’re getting in on a really good trading streaks and you have a whole nice run of winners, should you pull back? Is there an inevitable drawdown coming in? Have you really pushed your luck? This idea comes up quite a bit and I’d love to hear your thinking on the issue.

Darren: I have a few ideas on this and coming from the other side. Recently, I have been talking to  traders about whether you should take a break from trading when you are having a bad run.

One of the traders that I worked with, he found that in his testing, his best time to take a break was after a really good run. He found that his worst weeks followed his best weeks, essentially.

I think that is down, really, to your particular approach to trading and your system. For instance, if your system makes money when it’s very high volatility and there is a lot of movement then, it is quite common after that flip.

The market’s take a bit of a breather and taken that new price. I have recently just had a bit of a break after a losing period. For me,