Sunday, May 30, 2010

Time to Relax

As a daytrader, have you ever felt happy or relieved when you had a decent or good profit for the day? You want to quit today's work as mission accomplish. "I picked my daily wage today" you thought. And it's time for a little fun.

I never discouraged having fun after a good job. In fact I agreed with thought that having recreation outside trading is neccesary. However the motivation behind it is completely wrong. The money you make today has little to do with monthly performance. The attitude behind this is my money have to be repaired. Noone guarantee the money you make today will be taken back by the market in seconds. The only thing to stop this is by stop trading forever.

It's ok to have fun wheter you make a profit or a loss. It's even better when you have losses to stoped trading and have some fun. If you had let's say a restaurant business, it's kind of strange if you have a party after having a 200 customers which is usually only 100 come in. Because you know that this event won't come every day.
The same happened with trading. :)

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