I just read Toddo’s latest post at MarketWatch [1] and although I was already somewhat familiar with his story, reading it was 5 minutes very well spent.
He wrote it at a good time for a lot of traders caught on the wrong side of the market lately, so if that’s you be sure to check it out. His perspective is honest and clear….. “be careful what you wish for,” he even warns. At the end of the day, he’s dead right. Regardless of what you’ve made (or lost) as a trader, you’re going to need people by your side to make it even halfway worth while.
If you’re struggling right now, keep things in perspective. Scale back your trading and avoid the losing streak [2] by any means possible. And then remember once that closing bell rings that there’s a lot more to life than the flickering ticks as Toddo would say.
And if you’re thriving right now, be sure to appreciate it with a greater intensity than you would hate it if you were struggling. Keep it rolling [3] and maintain your focus [4] when the market’s in motion. And once again, remember that when the closing bell rings, there’s a lot more to life to enjoy than some good trades. Surround yourself with good people and spend some time creating something that will last.
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com [5]
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