I was looking over my positions this morning, and see than I'm down a few hundred on a YM position. Then I get the news that my dad crashed his truck driving home at 2 am in the morning. He hit ice and slid off the road, almost flipped and crashed. He refused to go to the hospital when the paramedics came and drove his truck home even though the airbags had deployed.
I was angry about my losses before then but I realized how much more upset I would be if something happened to my father. I couldn't care less about a few hundred bucks on the YM or my entire account or savings for that matter. In any civilized country like america if you lose all your money you won't starve. You will be poor but you'll still have your friends and family.
Money should be something we are eager to get just for it's utility, but we should recognize how meaningless it really is if we lose it. If you lose money trading, I don't think you should spend one second being unhappy or cursing. When you think about how much more valuable the well being of a friend or family member is compared to your net liquidation value, you will realize this. It wouldn't matter if I was a billionaire, simple things like the health of my dad would be more valuable to me than all my money.
thanks for reading
I was angry about my losses before then but I realized how much more upset I would be if something happened to my father. I couldn't care less about a few hundred bucks on the YM or my entire account or savings for that matter. In any civilized country like america if you lose all your money you won't starve. You will be poor but you'll still have your friends and family.
Money should be something we are eager to get just for it's utility, but we should recognize how meaningless it really is if we lose it. If you lose money trading, I don't think you should spend one second being unhappy or cursing. When you think about how much more valuable the well being of a friend or family member is compared to your net liquidation value, you will realize this. It wouldn't matter if I was a billionaire, simple things like the health of my dad would be more valuable to me than all my money.
thanks for reading

