Happy Traders are Balanced Traders
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By :
Terry Leslie
Submitted
2008-08-19 01:31:43 |
Any overworked individual suffers over time. Their relationships decline, their friends forget to invite them along after being turned down repeatedly, and of course, their children realize that work is more important than them. Pretty sad when you put it all down on paper and look at it. Especially because the traders that enjoy what they do also maintain a life outside of trading. Being committed is a necessity. Does being a committed trader mean doing nothing other than trading and learning?
You have an allotted time during every day to choose how you are going to spend your hours, your most precious commodity. If you choose to spend ten or twelve of those hours devoted to trading and learning the art of day trading, how do you spend the rest of your time? If you choose to spend eighteen hours of every day absorbed in the world of day trading, you are headed for burn out, frustration, and disappointment. Those who are successful and maintain longevity are also happy while they are trading in part because they are happily involved in life while they are not trading.
Novice traders often admit that they did not work this hard in college, for their SAT scores, or even in their old profession, even if they were physicians or attorneys. Instead, because their own money is at stake, many novice traders feel as though they must become consumed by the trading world in order to become successful sooner. It doesn't work well that way. Burning out is the second most common reason that trader quit their day job and move on to something else. Financial loss is the first. Traders who are able to take their time and build some confidence while maintaining their life last the longest and become most successful in the market.
Many traders really enjoy the process of trading. It is stimulating and challenging and it requires more knowledge than one can get from just reading a book. No matter how much any of us loves what we do, we all need a reason to do it. We can't always work for sake of working. Sometimes prestigious titles and large incomes are helpful, but we still need to know that we are important and that there is more to us than our work. It is a psychological necessity, especially during times of difficult trading.
Without the chronic joy of friends, family, loved ones, partners, and sheer downright fun, we can not be completely fulfilled. The happiest and most successful traders find a good, strong balance between work and play, the internet and the family, and life and job. It is not uncommon for those who are making a switch from a different career into day trading to burn up all their energy in the trades. But before long, they are dissatisfied, lonely, and even angry. The most successful people at any profession still find at least some time to really enjoy the world around them, the people they love, and the life that they are living. |
Author Resource:-
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