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Trading is a Tough Business

Even the most exciting job can become boring at times. Trading is a tough business. If you lose your passion for trading, all it means is that you are human. Here's an obvious cure. Why not take the rest of the month off? Make it your own personal holiday season. Maybe you're just stressed out. A little rest will help put things back in perspective. Once you are rested, relaxed, and re-energized, you'll be ready to tackle the markets with renewed zeal.

Here's another strategy: Remind yourself of how great trading really is. You work for yourself (unless you are an institutional trader). You can work at your own pace, and feel that you have freedom. Remember what it was like to work a 9-to-5 job? Perhaps you don't. Well, that's an idea. "Absence makes the heart grow fonder." Maybe you could arrange to visit a friend for a day at a regular 9-to-5 job. Or, you could take time off and find a part-time job. It's not forever. It's just a way to rebuild your passion.

Sometimes we forget why we trade. We start to see the thrilling job of trading as mundane. Work at a regular 9-to-5 job for a few weeks, and you will renew your passion for trading quickly. It may sound extreme, but it works. Maybe even after the first day, you'll think, "Oh, now I remember why I became a trader."

It's hard to trade successfully day in and day out. Some traders never lose their passion, but many forget just how exciting the markets can be. If you lose your passion, don't sit around sulking about how boring life can be. Go out and see how the other-half lives. You'll remember why trading is a great profession.

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Wednesday, 19 June 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.