You’ve reached the last of my Trade monster series! In case you missed the first few, we’ve covered how to define a Trade Monster, recognize its symptoms, and its triggers. You can view the first part of the series on my homepage.
In the last part of this series, I’ll be talking about overcoming and taming your Trade Monster.
So let’s dive in…
What was my Trade Monster telling me?
My trading monster hit me hard this year, and in order for me to regain control, I’ve had to take some pretty large steps. Many of you know, the first order of business was deciding to take a sabbatical. My timeline was pushing me to take off a few weeks. But just because that’s what mine was telling me, doesn’t mean that’s what’s right for you. Luckily, there are many ways to tame Trade Monsters.
Other Ways to Tame Your Monster:
- Create a new rule-based trading plan that you can get excited about
- Take a real vacation
- Read books that have nothing to do with the markets
- Watch a movie or start a new TV series
- Take an extended lunch break
- Literally anything that can get your mind off trading!
How has it been going flat?
As predicted, the market’s trudging on without me! Things are still ticking, time’s still passing, and neither the market nor me is hurting from my hiatus. I know this is silly to say (or read) out loud, but I think the notion here is important: the market will always be there, and there will always be another trade. Take that extended lunch break or vacation, and come back refreshed. Your trading will thank you for it.
For now, I’m just happy watching the market from afar.
Let me know in the comments how you decompress, I’m still looking for ways to spend my last few weeks!