In Trading … You Are Jacked

Posted on Aug 11 2017 - 10:02am by Sharpe Trade

Many new retail traders are seeking methods of trading that do not involve pain.

Seeking a method by which all drawdown is avoided.

Searching for some “system” where they do not feel any amount of discomfort.

Wherein they can sleep well at night.

Well my friends, I am here to tell you that all such searches are a fool’s errand.  An idiot’s quest.

In trading, you are jacked.  At all times.  Your psyche resides in between the steel walls of an oily, industrial vice.

I stated yesterday, that I was hedged on much of the portfolio.  And I did it at almost the perfect time.  Earlier today, at the open … I lifted my hedge.  Made a nice profit off of it too.  In essence, one of my most stable processes; just got a little bit of extra ‘padding’.  At the same time, that process is up big today.  For me, it’s like yesterday did not even happen to my longs.  I even made a little money on the deal.

Perfectly played right?

WRONG!

I get to face an entire weekend, where “Dr. Evil” can at any second, send the market for a tizzy.  And I am walking into that weekend, without that hedge. Thus … uncertainty. Which means a little less sleep. The ‘buzz’ of concern.

In trading, accept pain.  Accept uncertainty.  Because in trading?  You are “jacked”. At all times. Either the trading platform and infrastructure will freeze, or you make some boneheaded mistake on order entry … or world leaders are talking about lobbing nuclear weapons near populated islands.  That’s trading.  Real trading.

Accept it.  ‘Embrace the suck’.  Because in trading? You are always ‘jacked’

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