Every trader's main objective is to be as profitable as possible. However, this doesn't necessarily mean you have to be trading every single day.

As a matter of fact, one of the best ways to actually increase your profitability is by staying out of the market during flat periods. By reducing losses during these times, you will be ultimately increasing your P&L over time.

There are certain times when the markets can be really stagnant, and won't move much, at all. 

As traders, it's impossible for us to move the market ourselves. So, you might be asking yourself, what can I possibly do about it?

Our top one advice is quite easy, and simple - all you have to do is use this time wisely. 

Habits to Implement During Quiet Times in the Markets

To help you make the most of quiet markets, we've put together for you a list of five top tips you can follow, and implement accordingly:

  1. Back test your system: use this time to analyse your trading strategy and identify any potential weaknesses, or even areas for improvement.

  2. Review your old trades. Make sure you go back through your trading history, and look for patterns or potential mistakes that you might have missed before.

  3. Read books on discipline and self development.
    This way, you would be taking advantage of this down-time to improve yourself as a trader, and most importantly, build consistency in your approach towards the markets. 

  4. Take a break from the charts - sometimes it's important and crucial to step away from the screens to give yourself a mental break.

  5. Exercise - this is always good for both the body & mind. Try working out at least three times a week.

We all know that consistency is key in trading. To stay on top of the markets, not only will you need a sharp trading strategy, but also a good state of mind.

By following these simple, yet effective tips during slow market conditions, you will be able to reduce losses, and ultimately increase your profitability over time!

This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. INFINOX is not authorised to provide investment advice. No opinion given in the material constitutes a recommendation by INFINOX or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

All trading carries risk.