As of 06/14/2024
  Indus: 38,589 -57.94 -0.1%  
  Trans: 14,807 -161.34 -1.1%  
  Utils: 917 -0.41 0.0%  
  Nasdaq: 17,689 +21.32 +0.1%  
  S&P 500: 5,432 -2.14 0.0%  
YTD
 +2.4%  
-6.9%  
 +4.0%  
 +17.8%  
 +13.9%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/14/2024
  Indus: 38,589 -57.94 -0.1%  
  Trans: 14,807 -161.34 -1.1%  
  Utils: 917 -0.41 0.0%  
  Nasdaq: 17,689 +21.32 +0.1%  
  S&P 500: 5,432 -2.14 0.0%  
YTD
 +2.4%  
-6.9%  
 +4.0%  
 +17.8%  
 +13.9%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Bulkowski on Burning Out

Quiz Time
Stress Triggers
What's The Fix?
See Also

 

Wikipedia: "Burnout is a psychological term that refers to long-term exhaustion and diminished interest in work." It often comes about when you push yourself too hard and for too long.

There are many symptoms that suggest you could be burning out. Take this quiz to find out.

Burnout: Quiz Time

  1. Do you feel lethargic?
  2. Would you rather stay in bed than trade?
  3. Do you wake frequently at night and then feel tired all day long?
  4. Does trading feel like a hopeless endeavor, just like everything else?
  5. Do you have a temper now but didn't before?
  6. Do you lose your temper over little things?
  7. Do you feel as if you are losing control over your trading?
  8. Do you need stimulants like caffeine?

If you didn't find enough energy to complete the quiz, then that suggests you are either burned out or a very lazy person. Answering more than one or two questions with Yes does not bode well either.

Burnout: Stress Triggers

Trading is a unique profession since the pressure to avoid losses is a daily challenge that creates stress. Too much stress and you burnout like a rocket motor. But stress often comes from more than just losing money, such as these triggers.

Yes, I added Lima beans for fun. Smiley

Top of page

When stress becomes too high and sustained for too long, symptoms of burnout appear. You may have difficulty sleeping, or your anger rises. This may lead to an impaired immune system, triggering colds, arthritis, and so on.

Trading triggers the flight-or-fight response, and that causes the adrenal glands to produce adrenaline. That adrenaline gives you instant energy, just as stepping on a gas pedal does to a car. But over time, the response gets sluggish. An exhausted adrenal system means the person will have difficulty falling asleep (insomnia), then sleep soundly, but wake up still tired and remain that way throughout the day.

Once burnout occurs, often a trading career is over. Many change jobs and others spend time repairing their bodies, minds, and broken relationships.

Burnout: What's The Fix?

What can you do to avoid burnout? Here are some tips.

The best cure for burnout is to prevent it from happening in the first place.

See Also

 

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