“Ticking away the moments that make up a dull day
You fritter and waste the hours in an offhand way.
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way.”
Makes me wonder if someone from Pink Floyd tried being a remote trader. Trading from home alone is both a blessing and a curse. Let’s take the blessing part and break it down.
Don’t need to shave, don’t need to get dressed, the restroom is comfortable, no commute, no traffic, no trains, weather not a problem. That’s just off the top of my head. Sounds great and it can be, until your trading hits a wall.
Here is where the curse part jumps front and center. You are all alone ..it’s just you and a p/l that’s making you sick, mad, frustrated and crazy. Your head is all over the place. You are working harder putting in more time but nothing seems to be working. Some days you don’t even realize the damage you did to your account till the end of the day. You ask yourself what on earth was I doing! Battling against a stock that you think took something from you, revenge trading, doubling down etc.
By the time you wake up, the damage to your account and mental health may not allow for the miraculous comeback. How on earth did you let this happen? Were you even learning anything during this time? Don’t those hours and days end up being just “fritter and waste”.
In a trading office someone, anyone, probably would have said something like..What in the^%^$# are you doing? But home alone it’s like being in a vacuum. I’m pretty sure you aren’t telling your chat room trading buddies the damage you just did. “Waiting for someone or something to show you the way.” They are probably not going to come knocking on your door, you need to plan your trade and trade your plan now.
That plan should be to find some training or mentoring before its too late. I have been there done that and I know that you pay one way or the other. One way is somewhat painful because it involves the decision to part with some of your funds. The other is deadly because if you don’t figure it all out quickly on your own its over… plain and simple. The dream dies and the mental scarring that takes place makes it so hard to overcome even if you can find a way to try for the dream again. You are competing in so many ways ..competing against pro’s ,competing with your emotions, and competing with Time.
“So you run and you run to catch up with the sun but it’s sinking
Racing around to come up behind you again.”
Trading remotely is hard, lonely and liberating all at the same time. There is no better job in the world than being a pro day trader. It will challenge and reward you in many ways. But the learning curve can be daunting. Seek out good instruction and give yourself a higher probability trade.
“Every year is getting shorter never seem to find the time.
Plans that either come to naught or half a page of scribbled lines
Hanging on in quiet desperation is the English way “
There are some great ways to shorten that curve. The best golfers in the world have coaches, the best hitters in the game still seek counsel when slumping. If these pros seek instruction and mentoring …isn’t your plan to be a pro like them.
“The time is gone, the song is over,
Thought I’d something more to say.”
Jeff Davis @Shaq48_Trading