Wednesday, October 21, 2009

Journal #2 -- Stock Trading is Not Fun

STOCK TRADING IS NOT FUN

Most people think the stock market is fun & games and that you can make a killing. The truth is these people are gamblers and are not traders. The market will eat you alive if you are not smart enough for it. You do the wrong move and you can lose money. The traders who get excited, they are not succesful.
Stock trading is a business. Take it seriously.

The best traders, from what I see (I have people making $10K beside me a day).. are CALM, PATIENT AND DISCIPLINED.

Rarely do I see the best traders swearing at the market, or complaining. They sit at the computer for 7 and a half hours and work their asses off until the market closses.

The stock market is not glamourous.
You work 7 hours a day, and in the last 30 minutes you could potentially lose all your profits and even end the day negative. THIS IS NOT FUN.


Today's Profits:
Growth $430
Net $200 (w/fees)

Have a good one folks.