Day dreaming, particularly when it involves envisioning various scenarios and possibilities can potentially be beneficial for trading.
Day dreaming allows traders to mentally stimulate different trading strategies and scenarios. It can serve as a form of mental rehearsal, helping traders to prepare psychologically for the challenges they may encounter in the markets.
Day dreaming fosters creativity, which again can be valuable for new trading ideas and approaches.
Engaging in day dreaming can help traders relax and reduce stress levels. For making rational decisions a calm and focused mindset is crucial.
All said and done, it will be foolish to trade based purely on daydreaming. It is essenial to balance day dreaming with rigorous analysis and research.