

Adversity Is a Trader's Best Friend
March 12, 2009 by aa411853
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It's been a fairly smooth ride so far in 2009, as I have been profitable on all but 4 days. Best start of my 15 year career by far. But two of those days have come this week as we've experienced a major trend reversal.
After Monday's loss I went home defeated, jumped on the treadmill, drank a few beers afterwards, and debated why I continually do this to myself. Anybody who thinks trading is a glorious lifestyle, you're welcome to come visit my house anytime! My wife needs to get an honorary psychologist's degree from somewhere for putting up with me.
After a good night's sleep on Monday night, I hit the terminal fresh and ready to conquer the world on Tuesday morning. I focused intently on my setups and visualized success before ever making my first trade. And guess what, I turned a profit as I was dialed in.
As traders we need adversity every now and then. It always helps me re-focus, and just as any equity chart shows, move on to a new equity peak. At the end of the year I can look at my equity chart for my account and easily see the psychological ups and downs. $$
Couldn't agree more
kingtrader 500 days ago


crbroder
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I can relate to your wife! My husband goes through this emotional roller coaster every week, but I know it's what has to happen as he learns how to balance emotions vs. smart trading. Good luck!
crbroder 505 days ago