Thursday, January 29, 2009

Get a life - Do you know why you trade?

The fact is that trading has to be about one thing - making a profit.

For some traders it is an escape.
They hate the world around them, their boss, their job, everything.

Live a balanced life. Meet people, get out.
You won´t start making money from one day to another.
There is a big learning curve.
So to avoid mistakes made by pressure, have also other cool stuff to do.

Believe me, it works because all your hapiness will not be dependent on your results. You will not quick so quickly. And long term learning is really the key.
You will not get a depression because of a bad day, and you will want to achieve long term learning and profiting.
If not, you will operate from emotion, instead of cold mechanical thinking that´s the hallmark of a good trader.
"The most important factor is not the set of rules of use, but your discipline."

So, getting a life with other cool stuff will help you getting better at trading.


Cheers,


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