Trading is not a business. Trading is one aspect of the "financial business". Obsession with trading is not a good sign for success. Obviously, there are some exceptions, but the rule is if you are obsessed with trading call 1-800-Gambler and do it NOW!
How obsessed are you with the markets?
- Thread starter Sure Chap
- Start date
Trading is not a business. Trading is one aspect of the "financial business". Obsession with trading is not a good sign for success. Obviously, there are some exceptions, but the rule is if you are obsessed with trading call 1-800-Gambler and do it NOW!
If I wasn't obsessed, I would never have found an edge.
24/7 never stop.I crave markets , I love markets, I am emotionally dependent on markets . I have no family I am alone. Markets are my lifeforce. I am alive when the markets are open . Others are extremely opposed to my trading yet I persist and I don't quit. You mentioned Christmas ...I am sad at Christmas and I want markets back on my computer..markets are the world to me markets are everything.
Not at all, the more you are the less you make!
I "try" not to obsess not about it. Unfortunately, the market tugs from two directions.
One feeds on your curiosity, but it is ridden with intellectual rabbit holes which may not be useful to most aspects of your life. You need to channel these energies and learning experiences to other domains. Be balanced.
The other, feeds you endorphins that produces a gambling addiction. You should think of your activity as a fiduciary duty to yourself and to your potential beneficiaries. With this mindset, you can take a more professional approach to what you do. Otherwise, you could end up like Jesse Livermore.
One feeds on your curiosity, but it is ridden with intellectual rabbit holes which may not be useful to most aspects of your life. You need to channel these energies and learning experiences to other domains. Be balanced.
The other, feeds you endorphins that produces a gambling addiction. You should think of your activity as a fiduciary duty to yourself and to your potential beneficiaries. With this mindset, you can take a more professional approach to what you do. Otherwise, you could end up like Jesse Livermore.
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I would much rather hear an aspiring trader say how tenacious/persistent/disciplined they are instead of how passionate they are because passion often fades or reverses in a manic way creating a big let down. Whereas the other attributes you have to have to go the distance - in fact you need that before you start trading to build the appropriate capital to make it mathematically possible to succeed.
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No question about it. I would never invest with someone obsessed with the market
This guy was obsessed with the market. Prob typical of the other obsessives only way more succesful.
https://www.google.com/search?q=marty+frankel&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari#imgrc=9B9iU8o0YBY9bM:
You mean risk management?
Go tell Jim Simons/RenTec that anomalies don't exist and their billions were amassed purely through risk management.
I realize your missing a chromosome, but don't deny that there are savior and more observant players out there. You make yourself look really stupid by not accepting this.
Actually it makes look experienced and very smart. Risk management is the only edge.