I wonder if this has to be a permanent state of life, or whether you reach a point where the problem is over.William wrote:So i think how we deal with life's uncertainties and all of the emotions that come with it, seperates the winners from the losers
Some traders in MW said that they didn't know any other funds than their own that they would trust with their money. So I guess those guys were pretty confident in their ability to control themselves in the long run ...
But some others like Jesse Livermore did set-up some kind of trust fund they couldn't get at, except for some kind of monthly payment or somesuch, with the express purpose of removing the trading drama: "if you ever go broke don't worry, you'll still have a roof and food on your plate".
Which brings me to the next point: when does a successful trader actually retire? I guess that if he loves the game for what it is, he will never ever consider quitting ... but if he is of the mind-set to build his fortune/empire/whatever and then pursue his real goal, trading then has just become one more step on his ladder to life ?
Finally, this recurrent theme, expressed under so many different forms, and mostly due to cultural/religious western beliefs, that "to succeed, you must somehow suffer", whether you suffer emotionnaly or financially ... but I don't see any cause to effect relationship! And I wonder whether those "emotions that over take us and make us underperform" are not just exactly the symptom of what Ed Seykota had already remarked: "Everybody gets what he wants in the market", emotions included ...
(2p, as usual)