Separate trading and life 20th
The markets don't care how your day
has been. Moreover I'm sure everyone doesn't care much how the markets have
been, except your trading buddies.
Like I explained in my previous post people make up the market and humans are instinctively selfish animals. So if you are angry because you lost money on a trade or because your boss gave you a hard time at work, the person on the other end of the market isn't going to lose their own money to make you happy. If somebody on the other side of the market begged you to close your position at a loss because they are having a bad day, would you do it?
On the entirely opposite side of the spectrum people outside of the trading world probably don’t care what has been going on. It’s essentially like any other hobby or niche. If a car guy was talking to you about his ’66 vette or that Formula 1 race that went the previous week you would probably give little concern unless you are into that sort of thing. Trading is a very boring business the only interesting thing is the money making possibility. Basic morals and etiquette say one should not flaunt one’s wealth. Therefore, speaking about trading without the impact of money is a contradiction. The two ideas exist hand in hand and therefore talking about trading is unmoral and goes against basic etiquette.
Like I explained in my previous post people make up the market and humans are instinctively selfish animals. So if you are angry because you lost money on a trade or because your boss gave you a hard time at work, the person on the other end of the market isn't going to lose their own money to make you happy. If somebody on the other side of the market begged you to close your position at a loss because they are having a bad day, would you do it?
On the entirely opposite side of the spectrum people outside of the trading world probably don’t care what has been going on. It’s essentially like any other hobby or niche. If a car guy was talking to you about his ’66 vette or that Formula 1 race that went the previous week you would probably give little concern unless you are into that sort of thing. Trading is a very boring business the only interesting thing is the money making possibility. Basic morals and etiquette say one should not flaunt one’s wealth. Therefore, speaking about trading without the impact of money is a contradiction. The two ideas exist hand in hand and therefore talking about trading is unmoral and goes against basic etiquette.
Moral of the post, keep work issues at work and home issues at home, it will clear your head and improve your trading performance and it will make your personal and home life much more enjoyable. Thanks for reading and happy trading.
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