How’s it going? Bryce here.
Man oh man … am I feeling refreshed.
I haven’t been able to sleep in 2 days over just thinking of how amazing of a year 2022 is going to be
Let’s own this fucking year ladies and gents
— Bryce Tuohey (@TraderBryce) February 12, 2022
I love where I am as a trader and am excited about how much I can grow this year…
But that wasn’t always the case.
You see, early on, I dealt with a lot of stress.
I constantly second-guessed my decisions, panicked out of trades, or let my ego get the best of me.
And when you keep that level of stress up without doing anything to relieve it…
… you’re bound to burn out.
It doesn’t matter whether you’re a new trader or someone with decades of experience — we all encounter burnout at some point.
But how we handle it can mean the difference between failure and success.
So how can a trader learn from burnout and stay in the game?
3 Ways to Benefit From Burnout
Identify What Kind of Burnout You’re In
Matt knows burnout. It’s what brought him to trading…
His burnout story involves studying software engineering. After he crushed his soul a little bit each day in engineering classes, he had to stop and ask himself: Is it me, is it the field, or is it my process?
For Matt, it was engineering. He was playing the wrong game.
But sometimes the right game can still leave you hanging. For me, that turned into motivation. We’ll get to that later.
There was a time when I felt like the biggest loser at trading. I couldn’t catch a break. But I realized I didn’t want to quit either. In that case, it wasn’t trading — it was my process.
So I set myself on the right path to improving my process.
Turn Breakdowns Into Breakouts
Even with the right process in place, there comes a time when a trader’s gotta look in the mirror and say, “Duuude, it’s me.”
Those days are rough. I experienced them myself about four years ago. I thought the best way to trade was to play everything full out! Breaks are for losers, right?
Well, that mentality brought my body to a full stop. I was working full-time, going to school, and studying charts nonstop! There was no time for sleep.
I went full-speed for so long, I crashed. Hard. I didn’t get out of bed for about three weeks and I hardly ate. I quit everything! No work, no school, and no charts.
Only sleep, TV, and video games for three weeks. Yeah, I was that guy. The guy both Tim Sykes and Tim Bohen would definitely bag on.
After that, I made a new rule for myself: consistency is more important than intensity.
Commit to the Lessons You Learn
Burnout changed my life for the better. I haven’t experienced a total burnout since those awful three weeks four years ago.
If I feel myself starting to hit that overworked zone, I dial things back.
That means I spend more time going to the gym, going for walks, or playing basketball. Physical activity helps me clear my mind. Then I can come back to work in a healthier groove.
And when the markets are slow, I take an actual vacay!
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But I haven’t forgotten what the hard days were like. These days, I’m a big advocate for traders’ mental health.
You have to be in the zone mentally and physically if you want to execute consistently profitable trades. There’s just no other way.
Some people shy away from sharing their losses. I get it. Losses are tough and can take a lasting toll on your mental health if you’re not careful. For me, I’m thankful it was a temporary situation I could fix.
When you’re trying to do everything by yourself, things can get overwhelming.
That’s part of what drove me to the edge — trying to cram in everything and not having a focused path. It helps to have a solid process laid out for you.