Staying motivated after success

[SunTrader]

So the name Brent can be either or these days?

 

[fullautotrading]

Investing has brought us greater fortunes than expected/planned. Retired early two years ago. Zero money worries expected for the rest of our lives. Zero effort investigating new opportunities in the market for a long time, really don't need to try.

...

For those of you that have had life changing success in the market, do you deal with laziness or poor mental attitudes? Perhaps adapt a "if you've won the game quit playing" kind of viewpoint?

If you have returned to the market after a success induced hiatus, what helped turn the energy back into production?

For me gymnastics and piano. After so many years of crazy work and research (still crazy today, anyway), I could finally devote some time and resources to something that somehow was always dormant in the back of my mind. I even learned (with a lot of effort) how to backflip at age of 58, and all this gives a tremendous burst of energy, which is not easy to describe. Like a second life. Try it!

 

[Handle123]

Are your patterns and stats self-taught or you follow others ?

Have spent sizeable sum to learn from others, but they pretty much taught basics. Much I have developed came from self discovery and computer backtesting.

 

[SteveH]

Both, but beginning there are many many patterns and many stats they have to keep/remember. I only have 42% of them successful, meaning they quit their jobs, retired or worked cause they were able to do both. What I do know is if someone is over fifty years old, I can't help them to scalp, memory issues. And besides, many more wealthy traders do better at longer term.

Am on my very last guy am tutoring, I don't have the motivation or desire to teach any more.

IIRC, you cut your discretionary trading teeth mainly on the ES (and the big contract of old), the most difficult, least volatile e-mini to trade. Scalping the NQ is far, far easier and anyone over 50 can certainly do it with enough practice.

 

[Millionaire]

Scalping the NQ is far, far easier and anyone over 50 can certainly do it with enough practice.

How much do you make scalping NQ?

 

[murray t turtle]

Why it's "essential"? Will we die otherwise?

%%
Good question in this sense.
Investors Business Daily rule == '' You snooze you lose''
Not that one late nap will ruin you; but too much lazy\couch potato will ruin your health + most likely shorten your life.................

 

[Jwaavy23]

Success can make you and even break you. So be humble and stay positive towards your success.

 

[Ziara78wu]

Success can make you and even break you. So be humble and stay positive towards your success.

Well said! One should focus on the process and be happy with what the markets give you back.

 

[Axel_23]

Never feel satisfied with your wins in the market, always keep on setting new goals and targets for yourself. If you feel satisfied and comfortable once with your current situation, you will not be able to grow.

 

[Faye_568]

Focus on trading process and self development.