How often do you inform spouse of P&L?
- Thread starter ajensen
- Start date
Totally agree. I made the mistake of telling my current gf the dollar amounts, both up and down, and it freaked her out. Don't say anything, it ain't any of her business.
I was answering the OP. The answer for him is to report everyday.
I never tell her fearing she might go on a spending spree.
Regardless, everybody is different and has a different communication with the spouse than the other person.
Some don't care where the money comes from, some don't care why the money is being lost and others want to know every thing.
Reminds me about that story of the woman that didn't know her husband had lost his job many years ago prior to him being captured as a bank robber...he had been doing such for many years and she was clueless that he no longer had been working at his prior job.
She said he got up in the morning and went to work the same time as usual and then came back home the same time as usual. She then said what other clues should she had known her husband no longer had a job and instead was a very successful bank robber for several years until caught.
Possible clues...
1) No more office parties
2) Unusual collection of masks
3) Unusual large amount of cash in the house
4) Always nervous when police car drives down the street
5) Keeps a bag of extra clothing in the car
6) Consistently deposits cash into the account and not checks from his job
7) Seems to know where the banks are located...even banks in areas many hours away
8) Excellent number of maps in the house (new maps...nothing old)
Some don't care where the money comes from, some don't care why the money is being lost and others want to know every thing.
Reminds me about that story of the woman that didn't know her husband had lost his job many years ago prior to him being captured as a bank robber...he had been doing such for many years and she was clueless that he no longer had been working at his prior job.
She said he got up in the morning and went to work the same time as usual and then came back home the same time as usual. She then said what other clues should she had known her husband no longer had a job and instead was a very successful bank robber for several years until caught.
Possible clues...
1) No more office parties
2) Unusual collection of masks
3) Unusual large amount of cash in the house
4) Always nervous when police car drives down the street
5) Keeps a bag of extra clothing in the car
6) Consistently deposits cash into the account and not checks from his job
7) Seems to know where the banks are located...even banks in areas many hours away
8) Excellent number of maps in the house (new maps...nothing old)
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If you feel you have to report and discuss the PnL of every day or week, then something is wrong. If you trade for a living, especially with responsibility not only for yourself but also for others (girl, wife, family, whatever...) you should really know what you are doing, you should only trade with a real edge and/or with yearlong experience in the market of your choice. You should also have enough $$$ that you dont have to worry too much about individual days or weeks...
So basically, when trading for a living and the intention to really do this longterm, you need lots of $$$, excellent skills/ edge and the proper mindset. If you have all these things, then you will not trade with fear but with confidence and with longterm success. You will run your trading just the way you would run another business. No need to report to your family every day how many cars or ice creams you sold or how many points you made in the ES. Bring the cash home every month and everybody will be happy. If you cannot do this, if you cannot be consistent at least on a monthly basis, then you should look for other ways to support your family.
Greetings, and a great weekend to all of you
So basically, when trading for a living and the intention to really do this longterm, you need lots of $$$, excellent skills/ edge and the proper mindset. If you have all these things, then you will not trade with fear but with confidence and with longterm success. You will run your trading just the way you would run another business. No need to report to your family every day how many cars or ice creams you sold or how many points you made in the ES. Bring the cash home every month and everybody will be happy. If you cannot do this, if you cannot be consistent at least on a monthly basis, then you should look for other ways to support your family.
Greetings, and a great weekend to all of you
Correct. But the OP does need to.
