Losing motivation - the daily grind

Quote from nokomisjeff:

After my pretty long run, I know I would be unemployable, and my clerks would be in deep shit if I ever went belly up. Oh well, someone's gotta be the hamster running the wheel to keep it going.

Jeff :)
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Don't sell yourself short... Walmart love old farts like us... :D
 
Quote from mokwit:

In addition to the points mentioned i.e isolation with emotional strain, difficult to distance mood from P&L, daytrading becomes a grind that everybody tires of sooner or later - by the time you can do it you don't want to do it anymore. Also the emotional ups and downs are daily. Wins become routine - if you put some items on the counter of the local hardware store the owner doesn't start whooping and high fiving his wife as you buying is what is suposed to happen, i.e. it is routine.

There are other things missing, peer recognition, identifiable competitor. There are of course many benefits.

I found that lengthening my timeframe to going back to trade the accumulation ramp dump cycle in stocmks improved my quality of life and same gain for better controlled risk and less stress. I can go out and do something else if the mood takes me and still make money while a I am away from the PC.
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sincere, chime in, doth cap mokwit
 
Quote from Cutten:

Find the area of the markets that interests you the most - is it daytrading, macro big-picture trading, deep value investing, growth stock picking, Zanger style momentum stock speculation, long/short equity, or something else? Then work on that. In addition, set some more meaningful goals - don't just drift along earning a living, staying in your comfort zone. Why not draw up a plan for how to get to $10 mill+ within the next 10 years, set something that is going to force yourself to really go for it. Otherwise you'll drift into inertia and then realise you pissed half your life away on an unplanned pipe dream.

Staying focused and motivated is about 2 things mainly: one, doing something you are passionate about (so if daytrading bores you, move to another sector of trading e.g. medium or longer-term); second, set lofty goals and put in serious consistent effort over time to achieving them.
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This is the best advice I have come across in a while
 
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