Day 24
Back at it...
Its always hard getting back on trading if you are a feel-trader after, after two days of exile.
Anyway... I decided my goal must be to put together 18 solid trading days per month, and not necessarily everyday. Thus, it is OK for me to take days off when I have other obligations. So that, in my mind I wouldn't necessarily missing out a trading day as a negative. And would be in a mind set to trade when I do get back on it.
I like to type out a key paragraph, or key point from the current book I am reading. The key concept therefore is reinforced in my mind. Thus, here he is key paragraph typed out from:
The Dollar Crisis
...Like the classical gold standard, the Bretton Woods international monetary system contained inherent adjustment mechanisms that acted automatically to prevent persistent trade imbalances. Any such imbalances resulted in cross-border transfter of an internationally accepted store of value (gold, or dollars fully convertible into gold) and changes in national price levels in a manner that eventually restored equilibrium to the trade and fiscal balances.
When Bretton Woods collapsed in the early 1970's, those automatic adjustment mechanisms ceased to function. In their absence, government budget deficits increased dramatically and current account imbalances between nations became immense and unyielding. In 1892, the U.S. budget deficit surpassed US$100 billion for the first time. A long series of triple-digit deficits was to follow....
Back at it...
Its always hard getting back on trading if you are a feel-trader after, after two days of exile.
Anyway... I decided my goal must be to put together 18 solid trading days per month, and not necessarily everyday. Thus, it is OK for me to take days off when I have other obligations. So that, in my mind I wouldn't necessarily missing out a trading day as a negative. And would be in a mind set to trade when I do get back on it.
I like to type out a key paragraph, or key point from the current book I am reading. The key concept therefore is reinforced in my mind. Thus, here he is key paragraph typed out from:
The Dollar Crisis
...Like the classical gold standard, the Bretton Woods international monetary system contained inherent adjustment mechanisms that acted automatically to prevent persistent trade imbalances. Any such imbalances resulted in cross-border transfter of an internationally accepted store of value (gold, or dollars fully convertible into gold) and changes in national price levels in a manner that eventually restored equilibrium to the trade and fiscal balances.
When Bretton Woods collapsed in the early 1970's, those automatic adjustment mechanisms ceased to function. In their absence, government budget deficits increased dramatically and current account imbalances between nations became immense and unyielding. In 1892, the U.S. budget deficit surpassed US$100 billion for the first time. A long series of triple-digit deficits was to follow....
I am a grinder.. I cannot miss trading days.
