We are a materially motivated society. We like things Kevin White Jersey , and the things we like the most are really quite expensive. Images from television and magazines and other print media tempt us with incredible and sexy photographs that encourage us to want more and to spend more. Many people enter into the land of day trading for the money. Some get bored with it, finding that it really doesn't excite them and others find that the thrill is nearly as intoxicating as sex or drugs.
Day trading is not an easy business. If you are going to invest of your time and money, and really invest of yourself, then you need to know why you are doing it. When you close the door on a bad day, you need to understand what it is that will bring you back the following morning. When we understand why we are doing something Cody Whitehair Jersey , then win or lose, we show back up the next day.
If you are trading for money, then by now you have probably written out your financial goals. You know where you want to be in the next three to five years and you probably even have a good notion of how to get there. Or at the very least an outline of what might get you there. Your daily bread is buttered through your efforts, and you have a concrete result at the end of each trading day that tells you how well you did and whether or not you were on track. Having concrete options allows you to really investigate your goals daily.
However, your belief or your enjoyment of the process might be lacking. If you aren't having at least some fun on the job Leonard Floyd Jersey , you might find yourself ready to pack it in earlier than if you could find a way to enjoy what you're doing. It doesn't always have to be a choice between love or money. Sometimes, you can do something for love and money.
If you are trading for love, you might find that you have a few obstacles that those who trade for money don't. Sometimes the thrill of the job might take you off track and you will have to be disciplined enough to come back to your original plan. When you trade for love, you are more likely to bring your emotions and your ego into your trades, which often lead to financial mayhem.
Trading for love means trading with passion. If you are trading for the love of the gig it would probably be useful to you to set some financial goals and rewards along the way to help keep you centered and focused. It is not always easy to remember where you were going when you are celebrating a good trade that you risked on or when you are mourning a poor result from a poor decision. Adding the concrete into your day can help you keep your emotional waves in check.
Trading for love and money is a great combination. It is always a huge personal success when someone can find financial success doing what they love and enjoy. It makes the daily grind a whole new ball game for everyone who benefits. However Bennie Fowler III Jersey , for those who allow their love and money to intertwine too intricately, often their self esteem is affected by poor trades, and emotional trading begins whether the ego is inflated or deflated. Once again, sticking to the plan and using concrete measurements helps to maintain the balance that you have started with.
Trading can be demanding, difficult Allen Robinson II Jersey , and emotionally wrecking. It can be euphoric and bring out the best in you as well. Many of the most successful seasoned trader grabbed along the way a concrete reminder they keep near them to keep them on track. For some it is a photograph representing what they wanted or a trinket that reminds them of their dreams. Whatever your desires and goals are, having a tangible reminder can be a positive rudder while you're in the sea of trading. Author's Resource Box