You must be present to win
Well, I recently had the pleasure of celebrating 20 years of marriage with my wife, for which I am very grateful. And as my wife and I reflected on 20 years of marriage over a weekend in early November, I saw a number of parallels between continuing to trade and staying married. Here are some observations I made
1. You must have courage
Grip, don’t give up, get up. To be successful in trading on the retail side, you need incredible stamina. No huge account to learn, no experienced traders at 2 desks, limited time and no reliable resources to draw upon. If you’re gonna get there you have to be exceptionally tough.
2. Don’t let bad times make you give up
Life is hard. Even the best live. Trading is difficult even for the best traders. Markets change, circumstances conspire. The temptation is to stop when the going gets tough. Do not abandon. Slow down, regroup, reorganize, but never, never give up.
3. Invest in your marriage
It can be easy to just coexist in your marriage. The kids, the jobs, the chores, the visits, the buzz of life. All of this is necessary, but spend time building your marriage. Don’t make a bad habit. In trading it is possible to do the same things, the same mistakes, the same habits – learn something new. Read a book on trading, just keep stimulating your thoughts.
Okay, this was a slightly misleading article on trade and marriage and I know my / all marriage is far more important than trade. However, all good things (and I’ve had 20 good years) take time and effort. You know when my wife and I got married in our early twenties (early UK standards) other people in our wedding prep class thought we were going to need all the luck in the world. (Yes, they had the gift of encouragement). Well, I’m not pushy about my marriage and I don’t take anything for granted. However, what I can say is that these 20 years have been worth it. I can say the same for my trading. Yes, it was a pig to learn, but the effort was worth it.