5 Biggest Trading Time Wasters Part 2

by | Jan 15, 2025

Do me a favour.

Stop Sabotaging Your Trading Progress.

Time is the most valuable asset in trading—second only to your mindset.

Yet, countless traders waste hours each day on habits that lead to nowhere.

You’ve likely encountered Part 1 of this series, but guess what?

There’s more! Time is a big topic when it comes to trading and I need to address everything so you can stop wasting it.

Let’s go!

  1. Chasing the News 📰

Do you think reading the news is going to help with your trading?

It’s not.

Yes, news can move the markets, but by the time it hits your screen, big players have already positioned themselves.

We all have the US Economic Calendar and so it’s out there to the public! We aren’t special. 

You need to remember, the markets have already priced in all the data.

So unfortunately we don’t really have a competitive advantage when it comes to the news releases.

💡 Pro Tip: Keep to your trading strategy and forget about NEWS unless, there are certain days that are risky to trade I.e NFP, Jobs, Inflation, Interest Rates, CPI etc…

  1. Checking Your Portfolio Too Often 📊

Does refreshing your portfolio make the market move faster?

Nope.

It’s like weighing yourself every hour on a diet—it just creates anxiety.

And if you keep watching the markets it will not only drive you insane.

It could also lead to emotional decisions, like exiting trades too early or tweaking strategies mid-stream.

💡 Pro Tip:
Take the trade and LET IT DO ITS THING.

  1. Analysis Paralysis 🤯

Sound familiar?

You’ve got 10 charts open, 10 indicators running, and still can’t press the buy button.

You’re Overanalysing.

And overanalysing kills momentum.

It also creates confusion, self doubt and you’ll find they contradict each other.

This overloading can cause major harm for your trading and self confidence.

💡 Pro Tip: Keep it simple. Use 2-3 reliable indicators or ONE powerful startegy and focus on executing your plan.

  1. Procrastination 🕒

Do you know what the BIGGEST problem when it comes to trading?

I’ll tell you next week.

Actually, no I’ll tell you now.

Procrastination is the silent killer of potential.

“I’ll take the next trade”.

“I’ll start trading next week”

“I’ll deposit more money with trading”

Whether you’re adapting or learning a new strategy or setting up your risk management plan… ANY DELAYS will stunt your portfolio growth.

The longer you wait, the more opportunities you miss.

And you’re NOT getting any younger.

No body on earth bought a second of time.

💡 Pro Tip: Commit to 15 minutes of action every day. Small steps add up fast.

  1. Fear of Taking Action 😨

Fear is a tricky thing.

It keeps you safe, where you don’t lose any money.

But it also keeps you where you have always been – NO WHERE.

This makes you stuck.

Maybe it’s fear of losing money, or fear of being wrong. Maybe it’s the self doubt of not understanding the world of trading.

Either way, inaction guarantees no results.

Remember: No trade is still a decision—it’s just NOT one that pays off.

💡 Pro Tip: Start small. Use a demo account or trade with smaller positions to build confidence without overwhelming risk.

Conclusion: Recognize, Refocus, and Reclaim Your Time

Your trading journey doesn’t have to be sabotaged by these time wasters.

Awareness is the first step, but action is what makes the difference.

Ask yourself, “Which of these habits am I guilty of?”

 Then commit to changing one at a time.

You’re not here to be average.

You’re here to be exceptional. Now’s the time to stop wasting time and take control.

Let’s sum up the MAIN Time Wasters when it comes to your trading.

  1. Chasing the News 📰

  2. Checking Your Portfolio Too Often 📊

  3. Analysis Paralysis 🤯

  4. Procrastination 🕒

  5. Fear of Taking Action 😨

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Trade well, live free.

Timon Rossolimos
Founder, MATI Trader

 

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Trade well, live free.

Timon Rossolimos

Founder, MATI Trader

 

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