Stock Trader To Stock Junkie

The past 4-5 weeks of trading has been pretty disappointing. Since I have started with my new broker with 10K , I have officially redcuced my equity to $5K. Yes, a 50% decrease. To some people it would be surprising and they would be astonished but to me, it's just another learning curve.

When I started this blog sometime in June, I traded with passion and with a goal, somewhere down the line, I have lost the fire in my belly. The break which I took during transitioning of the account has hurt me a lot. As I felt I was trading brand new again, but nevertheless, when I sit down and review my trades, it has left me shocked and mad at myself. I look at the entry and exits and kick myself while I drive to my fulltime work ( I only trade till 1pm) and talk to myself how stupid I was to take that trade. Majority of the trades, I have taken looked like more of a junkie i.e addicted to trade rather than follow a game plan and executing the plan and now after horrible past couple of weeks, I step away from it and ask myself what is the reason I trade.

Here are the reason's why
1. To have an independent life , not answering to anyone and have my own working hours.
2. I am sick and tired of corporate world.
3. Trading helps me a learn a lot about life ( look up previous post ' Knowing  Thyself')
4. Trading helps me to be disciplined and have a goal in life.

Trading to me is like a game, where you have a strategy but you also need to be able to physically and psychologically execute the strategy. A bit too early or a bit too late can get you out or in awkward positions where you don't wanna be. I need to respect the game and not abuse it.

Making money from trading is a great motivation, but the more satisfying part is you risk a little to gain a lot which means your beating the all the HFT's and top institutional players in the game.

Winning is a bad habit I have and I am not ashamed to ask fellow traders for advice. Thankfully, there have been a lot of great traders who have helped me and I am sure in the coming weeks I would be able to get myself out of the hole.

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