The smartest thing was basically rewarding myself with something tangible that's meaningful from my first trading profit, so that it's ingrained in my head what trading is all about.
I agree, I still do this from time to time, especially after a period of losses. It really helps me to not mind the losses too much since I can still easily afford the stuff I want to buy with profits I've made earlier, usually when I do this it also seems to be that not much later the losing streak ends
.However I am not talking about buying Ferrari's or Lambos, that doesn't interest me and is still out of my range
. I am talking about concert tickets, nice meals out, holidays, a new watch I have been looking at for a while, ...