- Try to close a position but accidentally DOUBLE it instead.
- Put a swing trade on and realize AFTER the close that earnings are coming soon. Like the next morning. Before the market opens.
- Buy the CALLS in a stock that is breaking out at what they think is a bargain price, only to find out later that they actually bought the PUTS.
- Constantly drive by their ex girlfriend’s house to see if she is dating that idiot biker guy with the tats who will never love her the way they would….
- Knock off early for the day to go rollerblading, sure that they put a hard stop in on their position before they left (but didn’t).
- Continuously hit the “submit” button on their trading platform when their order “hangs up” only to find out that they bought their position eight times.
- Listen to the whole “Best of WHAM” album online, unaware that Spotify is auto-posting that info to their Facebook timeline.
- Think they have a “one cancels other” limit and stop in place and take a long lunch after their position hits it’s profit target. Then come back later in the day only to learn that price reversed, hit their stop (making them net short), and then rallied.
Archives of “ry” tag
rss
Common Characteristics between Successful Gamblers and Successful Speculators
Just Listen :
On a warm summer’s evenin’ on a train bound for nowhere,
I met up with the gambler; we were both too tired to sleep.
So we took turns a starin’ out the window at the darkness
‘Til boredom overtook us, and he began to speak.
He said, “Son, I’ve made my life out of readin’ people’s faces,
And knowin’ what their cards were by the way they held their eyes.
So if you don’t mind my sayin’, I can see you’re out of aces.
For a taste of your whiskey I’ll give you some advice.” (more…)
Gratitude
Wanna thank you, Wanna thank you
Freedom in stride, love, peace of mind
We just wanna give Gratitude – Earth Wind & Fire
Thank you, Lord, for what you’ve done for me
Thank you, Lord, for what you’re doing now
Thank you, Lord, for ev’ry little thing
Thank you, Lord, for you made me sing – Bob Marley
“He is a wise man who does not grieve for the things which he has not, but rejoices for those which he has” – Epictetus
If you book 10 points on the day are you the type of trader that is mad about the 15 pts left on the table or grateful about the 10 you pocketed? A consistently profitable trader is a continuously grateful trader. When you are grateful for what you have you operate out of a state of abundance. How many times have you become upset about missing a trade you were waiting for, or about how many points you left on the table, or about getting stopped at the extreme of a move only to see the trade reverse in your favor? It happens to all of us and we all do it. It is normal to think we should have booked more profits or done better – that is a characteristic of most traders – we are never satisfied and always think we can improve on our performance. The key is to be thankful and grateful for what we do get. By maintaining a thankful and grateful mindset it opens the way for abundance and blessings to come into your life.