Does Your Trading Deserve Your Energy?

Does Your Trading Deserve Your Energy?



With so many fascinating opportunities before you each day, how do you decide which are for you? Start by asking yourself these nine questions to help you judge whether a career in trading is appropriate for you.



1. DOES THIS EARN A LIVING FOR ME? In a material world, we all have responsibilities that cannot be ignored.



2. CAN I LEARN FROM THIS? Can I grow as a human being by day trading? Will I acquire new skills or insights?



3. IS IT USEFUL? Who is depending on me to do this and why? Sooner or later any piece of useful work involves us interacting with other people. Will trading bring me together with people in a worthwhile way?



4. WILL OTHERS BENEFIT? HOW? This can be an overriding consideration for many activities!



5. WILL I EVER HAVE A CHANCE TO DO THIS AGAIN? Some opportunities are a once- in-a-lifetime deal. Is this one of them? Or am I pretending it is because I want to do it so badly?



6. AM I DOING THIS BECAUSE I'M THE RIGHT PERSON? OR BECAUSE NO ONE ELSE WILL? What would happen if I didn't do it?

7. WHAT WILL I HAVE TO PUT ON HOLD TO DO THIS? What is the trade off (no pun intended)? How will it affect my immediate and future life? What sacrifices will I and those around me have to make?



8. AM I BEING BLACKMAILED? Are any of my activities the result of "emotional blackmail"? (Blackmail is a contract between two people or even two groups. It can be clearly stated or extremely subtle, but it only works when both agree to play. We should not accept emotional blackmail from others, just as we should not try to blackmail them ourselves. Often society provides us with only a vague line between good manners and being taken advantage of, between being a fair and upright person and being a sucker. It's up to us to make the line clear and strong, both for ourselves and for others.)



9. CAN I HAVE FUN? Ultimately, if I don't need to do it and don't have to do it and I can't enjoy at least some aspect of it, then it's probably not worth doing.



HIGH OR LOW?



You time is just, if not more, valuable than your money. You want to invest it in high-return projects. The lists below provide a profile of the activities with the potential for the highest return.













CHARACTERISTICS OF HIGH-PAYOFF ACTIVITIES

• Directly related to my goals



• Might not be pleasant



• Tend to involve risk



• Might be difficult



• Can't be delegated Important

CHARACTERISTICS OF LOW-PAYOFF ACTIVITIES

• Not related to my goals



• Comfortable to do



• No risk involved



• Routine



• Noncreative, anyone can do it



• Trivial

Investing your time and energy is like investing your money. You may risk it and lose it. But risk spells the difference between getting what you want and sitting on the sidelines, between your potential and your performance.



Whenever you make a pro-active decision about which activities deserve your energy, you take the sting out of the most arduous and burdensome ones.



If it's what you want to be doing, and you're clear about why, then you can approach your trading as worthy of your fullest attention and enthusiasm.



What are the chances that people who see trading as stressful, tedious, or disreputable will be successful?



Now compare that to people with a passionate, positive vision of their trading. That's you!



Regards,



Adam Halpern



Indicator Warehouse, President



 



877-646-5249



 



www.IndicatorWarehouse.com



 



 



 



 



U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.



CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.



Use of any information in this document is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered in this document for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information found in this document exists for nothing other than entertainment and general informational purposes. We are not registered trading advisors.