Today was extremely quiet….because it’s Saturday lol
Believe it or not, when i first started, I sometimes forgot it’s weekend and still opened my charts only to realized “hmm…how come the price is not moving?"
I think when you first start trading, some of you will immediately fall in love with it, and some of you will not. However, those who immediately fall in love with trading, are not necessary the ones that are gong to be profitable at the end. I know, because i was one of them.
What happened to people like us who “fall in love with trading” is that we tend to feel alive when there is something to trade, and we feel so bored and dead when there is nothing to trade.
Generally, that leads to overtrading. Now if you’re trading stocks, then luckily the market will close and no more trades for you.
However, if you’re trading forex, then the market never closed….like literally.
So I often find myself trading one session after another session after another session until it’s Friday afternoon, and I’d still wake up at Saturday 12am to find out the price is not moving…because it’s SATURDAY!
Thankfully those years are gone, because i had no life outside trading.
I had no time for social, for food, for my dog, or even for sleep.
And guess what? Regardless of how “hard” i work, i still didn’t make money.
The truth is, if you want to trade well, you have to live well. That means trading is merely a reflection of your psychology. As i kept stressed in all my articles, winning traders do not have any holy grails, they just have better psychology.
So it is essential to have a life outside trading.
It will help you tremendously in trading, it will ease your stress, it will sharp your focus, and most importantly, why are you trading if you have no life outside trading?
Think about it!
What does trading mean to you? If you trade 24/7, and make tons of money (which was not my case and I highly doubt people who trade 24/7 make money), and then?
And then what?
You have no life anyway.
Most people i know who has traded 24/7 lost everything.
And if you’re the special one that trade 24/7 and still make money, well, you’re not making money, you’re simply trading your life for the money.
And that in my point of view and past experience, already means I’m losing - in life.
So have fun outside trading, shut off your computer, stop checking the markets and quotes, just go out and enjoy life!