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From digital overload to trading Zen: The role of digital detox in enhancing intraday trading performance

  • Mukul Bhatnagar*
  • , Pawan Kumar
  • , Sanjay Taneja
  • , Kiran Sood
  • , Simon Grima
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

34 Citations (Scopus)

Abstract

Because of the urgency and high stakes involved in their trades, intraday traders are especially vulnerable to the perils of information overload in today's digital world. This chapter explores the potential benefits of digital detox programmes for intraday traders. The research uses the statistical programme SMart PLS to do a route analysis using primary data gathered via questionnaire. The results show that taking a break from technology may dramatically lower stress levels, which in turn boosts business efficiency. This correlation is moderated by traders' levels of expertise, however, indicating that newcomers to the market might gain the most from digital detox programmes. The last section of the study emphasises the chapter's central thesis, arguing for the inclusion of digital detox measures in training programmes and workplace rules in order to address the chapter's identified practical ramifications for traders, trading businesses, and regulatory agencies.

Original languageEnglish
Title of host publicationBusiness Drivers in Promoting Digital Detoxification
Place of PublicationHershey
PublisherIGI Global
Pages148-176
Number of pages29
ISBN (Electronic)9798369311080
ISBN (Print)9798369311073
DOIs
Publication statusPublished - 10 Jan 2024

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