I was\u00a0psyched for an opportunistic Monday after Friday’s action in GS and the market. \u00a0On our Sunday night SMB University show on StockTwits TV I went through all the levels in GS, JPM, MS, BAC, DB and the market momentum leaders. \u00a0I read every blog and article on the GS\/SEC civil suit. \u00a0I mapped out a plan for new breaking news that might strike this week. \u00a0 I was calmly focused and prepared. \u00a0 And then life got in the way.<\/p>\n
“Back in the day” one of the original bloggers Todd Harrison now of Emmy Award winner\u00a0Minyanville taught us noobs an invaluable and\u00a0unforgeable\u00a0lesson. \u00a0Todd was the head trader at the hedge fund Cramer Berkowitz and this was all during a period when the market rained money on those who just showed up. \u00a0I looked forward to Todd’s blogs and trading lessons daily. \u00a0It was hard not to notice that he would miss important trading days. \u00a0Todd had other priorities, family priorities, that took center stage for him. During certain sessions, it was more important to Todd to be with his family than trading during a once in a decade opportunity. \u00a0Priorities!<\/p>\n
Yesterday I had to step off the desk for one of these life interruptions, a family priority. \u00a0I missed the midday action in GS, which would have been fun to game. \u00a0But the markets are not going anywhere. \u00a0It is more important to me to be where I need to be than miss a few moves in GS.<\/p>\n
The purpose of trading is not to make money. It is to become as good as you can at this craft called trading. And how can I be my best at that if I am incomplete as a person? \u00a0Specifically how can I be the my best trader possible if I do not properly prioritize the importance of trading in my life?<\/p>\n","protected":false},"excerpt":{"rendered":"