Traders struggle

I was asked recently if I have ever struggled and it caught me off guard. I hope that when you read this blog that it isn’t read in the key of perfection. I struggle too. Not just with trading but many other things. This blog is to help a person. Sometimes that person is me and sometimes that person is you. I get to relive it and that never means I can’t go back.

Every trader struggles. Here is the difference. Is self inflicted? How many suffer because it is the only way they know? How many ignore it till it can not be ignored?

Struggling will push you to your breaking point. All traders use the breaking point as a barrier. Some use it as a spring board, they bounce off of it. It is the initiation process. But some break through it and that support becomes resistance.

A good trader has less self inflicted wounds, they see it sooner, they do something about it. When the struggles are market related they take breaks or sit on their hands. The key to getting past struggling is to go in with a healthy mind. A healthy mind usually comes with acceptance and perspective. Getting back on the horse is a good idea but not if it keeps battering you. You may forget what it is like to trade well.

I am not without my struggles and I wouldn’t want it any other way. It means I am moving forward.

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  • In the old days, when a new local trader started out and was doing really well the veterans would tell him – don’t spend that, it’s only a loan. Getting too hot too early can be as bad as blowing up in your first few months.

    I think the path of individual trading development looks a lot like a chart. Ups and downs, lots of churning and rotating, but plenty of trends – up and down. A trader’s chart that hasn’t consolidated recent development is dangerous because resilience to adversity is much farther away.

    • It is great to talk with the old timers about their career,  it is interesting to see the trajectory of others career.  Win big then blow out, blow out then blow out, or slowily blead to death and blow out.  They all found a way to get back and they all blew out.  Love the analogy with the charts.  

  • Great post, Eli. Stepping up in size has always been a struggle for me. So many ways that life and the markets in general can cause us all to struggle. 

    •  In the perfect world you separate the two from infecting the other but use the lessons from the one and apply it to the other.  Thank you for reading and commenting.  

4 Responses to Traders struggle

  1. In the old days, when a new local trader started out and was doing really well the veterans would tell him – don’t spend that, it’s only a loan. Getting too hot too early can be as bad as blowing up in your first few months.

    I think the path of individual trading development looks a lot like a chart. Ups and downs, lots of churning and rotating, but plenty of trends – up and down. A trader’s chart that hasn’t consolidated recent development is dangerous because resilience to adversity is much farther away.

    • Eradke says:

      It is great to talk with the old timers about their career,  it is interesting to see the trajectory of others career.  Win big then blow out, blow out then blow out, or slowily blead to death and blow out.  They all found a way to get back and they all blew out.  Love the analogy with the charts.  

  2. Attitrade says:

    Great post, Eli. Stepping up in size has always been a struggle for me. So many ways that life and the markets in general can cause us all to struggle. 

    • Eradke says:

       In the perfect world you separate the two from infecting the other but use the lessons from the one and apply it to the other.  Thank you for reading and commenting.  

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