Trading for a Living: Taking P A I N

Posted on Jan 28 2015 - 5:32am by Sharpe Trade

It’s been an interesting 24 hours, let me tell you.

We are watching a few traders at Sharpe Trade just rocket higher.  Good!  Not only are such traders making the trade they need to make, when they need to make it?  Which, we might add, was going long … or ‘buying’ a stock?  But in the stock-market of the last few days, which has just been horrible … our traders stocks are one of the few stocks that had not only gone up, but gone up by a lot

Then?  Then they are looking to add to their positions, and again … they are rewarded for their moves.


I’m getting torn apart.

The market is ripping my stomache wide open, and I’m getting eviscerated.    I made 17% last year short-term trading, with around 1% drawdown.  And in the last 24 hours, I’ve had 3% of those gains erased.

After other traders push down on the gas pedal?  My engine just sputtered out.

This is trading for a living.

Learning to take p a i n 

1 Comment so far. Feel free to join this conversation.

  1. MrAgronomist April 17, 2015 at 10:33 am - Reply

    My problem is not so much the pain on the stock that I am losing money but the anxiety of buying more because is at a better discount. That when people (including me) tend to get trigger happy.

    Now taking pain in the Futures or Forex market! that really hurt right in the stomach.

    Days like today where some market just wake up in the red, AXP taking a good hit and other DIA components. Looking forward to hear the podcast tomorrow!

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