I’ve noticed that after one or two solid winning trades, I lose all enthusiasm for trading. I get sleepy and restless at the same time. I just want to take a nap, or go outside and do something. Anything but keep sitting in front of those screens! I usually force myself [...]
Can you make a living as a daytrader? Come on… You don’t need me to answer that.
Every day, non-traders seek out information about trading for a living. They read article after article about successes and failures. They mull over the risks, and their impacts. They write me email asking questions. [...]
When I reported on my own trading journal that I had earned a profit of $3641 for the month of January 2007, TyroTrader had asked me whether that changes my current status as a laid off embedded Software Engineer. I have been trying to avoid addressing this question all this time, and trying to [...]
Ok, so you’re currently in your cube farm, and you think you’ve read all these books on trading, and you’ve read all those blogs about trading for a living, and now you want to know whether it is for you, the whole you, and the real you. Well, I have been pondering the same question.
I [...]
Let’s say that you are engaged in a snowball fight (It doesn’t matter how, why, or where you are engaged in the snowball fight). You are protected behind a wall of snow that you have previously built. It is in your best interest to make this wall as big as possible so [...]
Check out Steve Pavlina’s post about fields with low barriers to entry, where 99% fail. Seems very applicable to trading. A quote:
Imagine starting as a white belt in kung fu with no previous martial arts experience. You go to your instructor and say, “I want to compete in sparring tournaments at the [...]
I thought I’d take a moment and talk about why I give thanks every day that I’m a a stock trader.
My Typical “Work” Week
On average, I trade about 4 days a week. When I trade, I actively watch the markets for about 4.5 hours, and set alerts to pull me back in [...]