I've been day trading for over twelve years, and I still like that, What am I doing. Actually, I even love that, what do i do. Day trading is a kind of addiction. I need a daily charge with research and trade. My day will be somehow different, if i don't trade, even if i face failure. My analysis is good, and trade is very far from perfect. Certainly, there are ups and downs, but, in the end, this is a very difficult and intellectual job. You must be able to adapt, be flexible and resourceful. It's a constant psychological struggle. Trading is sometimes very painful and can cause headaches.. Sometimes my strategies stop working, and I have to start all over again. The pain and anguish can be quite intense.. If someone disagrees and says, what a "pleasant trip", i just don't believe it. This process doesn't have to be painless.. No pain - no gain. Only pain and anguish take me to the next level. Losses bother me, but don't scare (well, maybe a couple of times a year). Unfortunately, I have a bad habit of letting losses into my personal life. My life outside of trade is impacted. Do you think, that you will be able to trade and live your personal life as before? Probably, No. If you can do it, accept my sincere congratulations. Certainly, bad days reflect badly on my love life. Если вы внутридневной trader, it's either your passion, or your dream. And if you understand, what are you starting to dream, then it's time to cool down your ardor. When losing money, many hide behind a state of denial.. Be honest. В противном случае вы не сможете получить полное понимание ситуации.
Оглядываясь назад, I understand, that everything has changed a lot. My approach has evolved and changed. If I review my recent trade and compare it to that, what i did a few years ago, then I see a completely different trader. Sometimes I get overwhelmed. Really broken. Чувствую себя, as if burned out. Head feels heavy and difficult to sleep. Everything takes time. Strategy testing takes weeks, and even months. You have to check very carefully, and there is a lot of routine, which sometimes turns out to be a waste of time. After spending a few days testing, unpleasant to realize, that everything was in vain. You have to start all over again. Sometimes I lay in bed and come up with new strategies. Nevertheless, it is a way to learn and gain knowledge. The expression "no pain, no gain" is very true. Torment is part of the process. I had to suffer very well, so i have no problem with it. Most people are not tormented., it means, that they have a lower chance of success. You must be tormented, to become better at, what are you doing.
Execution can be boring. Thinking and analyzing is what's interesting. After a hard day at a loss, I always ask myself, зачем я это делаю. Most trading days are not good, it doesn't matter if i win, or lose. I do not like to lose money and sometimes find myself trading small amounts, when I earn. My biggest mistake is cutting off winning short sales and allowing losses to accumulate.. My biggest loss was on Thursday 2007 year. It was a terrible day for me. Unfortunately, the next day was even worse, although i have earned $6 thousand. I wanted to hide away from everything. For fear of losing as much, how much the previous day, I have committed a mortal sin: turned off some strategies and traded a little. I was so afraid of loss, I didn't think soberly. You know, what? It goes without saying, it was the best trading day ever. I would earn about $100 thousand, if I traded as usual. It was a nightmare. Another Bad Trading Day, although i made money. I'm still working hard on myself, to separate yourself from money.
but, usually, the next day everything is forgotten, and I sit in front of the computer again, looking for other strategies to test, what i really like to do. Coffee cheers, and what happens outside the window is not important. Don't worry about austerity unrest in Southern Europe, about explosions in the Gaza Strip, about the civil war in Syria or corruption in Russia. Just focus on trade and another very important issue for humanity: футболе. You can see wonderful pictures of Harley Bobbers motorcycle on the Internet (I'm trying to assemble one myself). Don't bother with endless pointless political issues, about the nanny state, regulatory requirements and new rules to protect us from ourselves. Trading is focusing on yourself and on that, what can you really achieve. Focus energy on the markets and block yourself from the rest of the world.
Have you thought about all the benefits of trading? I do not have a portfolio of securities, I do not work for my uncle, I have no unpleasant clients, no employees, no commuting, no need for lawyers, no competitors with lower costs, чем у меня, and there is no argument with the boss. In my opinion, it is very attractive! This is the perfect job for introverted people., those like me. I can endure some anguish and have a few sleepless nights, to avoid working for someone. Все что мне нужно, this is a laptop / pc, Excel / other software, стол, chair and internet. Я в основном занимаюсь проп-трейдингом, and I don't need a significant deposit. Instead, I invest in real estate and long-term positions.. The barrier to entry is extremely low. My monthly overhead is about $400. Best tool, which I have is my brain. If you want to open a cafe, you will have to invest a lot of money and, maybe, sign a long term lease contract. And the chances of burnout are about the same (I think so). In trading, you are close to unlimited potential profit. The biggest, what can you lose, this is a small deposit and its time. The risk reward seems very attractive to me.!
Over the years I have traded for extended periods from Arizona, Sweden, Malta and Eastern Europe. I have traveled a lot in Norway, to their home country. In total, I was far from home near 1/4 from all the time. And all I needed, it's a computer and internet access. I am very grateful for this opportunity.. I can take a vacation, when I want. Nevertheless, I prefer to trade so often, how is it possible. Why?
1. This is a game of big numbers. If you have the advantage, trade it as far as you can.
2. I never know, when suddenly a good day comes.
3. I have to collect statistics every day.
4. I must be in the game, to "stay in the zone".
I have traded many times, being in a cafe or restaurant. In summer 2012 for a year I traded outside my home for about 15 once. What other "job" can you do this?? Certainly, you can't do it all the time. It is difficult to work normally from a cafe, at least, у меня не получается.
Day trading has made me know myself much better. My weaknesses have been tested by the market, as are my strengths. I learn to manage myself! I learned to be disciplined and understood the importance of continuous learning. Я управляю рисками, seize opportunities and face uncertainty. It makes me respect risk, but also take it over, to make money. Trade pushes me to do it, to find opportunities, hold on to, what rewards, and give up, what is not. There are moments, when to be aggressive, and in other cases to protect, what have you. Discretion! I became humble, harnessed my ego and know my weaknesses. Much of that, what have i learned, i can use in other areas. The analytical aspect of trading is huge. I learned to accept nothing and question everything. Rationality is very important. That, what i learned from trading, i can use in my daily life.
Перевод http://www.long-short.ru/post/priznaniya-vnutridnevnogo-treydera-690
author: Oddmund Grotte
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