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you guys need to read these things better before zapping out a reply.
i said: "although this guy beats the hell outta 99% of most traders, I
consider his methods and results mediocre at best given the amount of
time he puts into it." it's clear that the "guy" referred to is not
me--he, the "guy", is the one with the 4.3 handle average.
i agree with mark's opinion in that high levels of trader stress are a
direct result of a lack of confidence in ones system or methods. i'm
confident, therefore, i'm nearly stress-free in trading. however,
dealing with software twits like omega, now that's stressful <g>
i think burnout or health problems occur as an end result of too much
stress. but whether that stress is caused by trading or other personal
issues, is another matter. trader failure, losses, or burnout may not
be as much related to trading as it is to the effects of other
personal demons causing problems in ones life.
in any self-owned professional business, one has to deal daily with
issues that affect personal health, time, etc. a trading business is
no different from any other self owned business. and i'm no different
than other successful entrepreneurs. everyone is affected to varying
degrees, but it's how one deals with it, that's what is important.
are the dollars worth it? you betcha they are! when i quit having fun,
then i'll retire. besides, even if i wanted to, i couldn't position
trade worth a shit <g>
and no, i don't think day trading is any less or more stressful, or a
time hog, or a health risk, than other trading approaches or self
owned businesses.
TJ
if you can't stand the heat, then get outta the kitchen, or hire a
good cook :))
---Alan Myers wrote:
It is just that you said that you can bang out 20 - 100 handles in a
single day, but your average for 1998 is 4.3. There must be an
offset, if that's the case. [it ain't, see above -- TJ]
I think that I shouldn't have said stress - too many other variables to
induce stress. OatTrader I think put his finger on it when he called
it burnout.
I realize that it is a style more than anything. I'm NOT saying that
daytrading isn't possible or that it is less profitable or any such
thing. I am saying that to daytrade, there is a cost that there
doesn't seem to be in position trading - a "health cost" if you will
allow it - or maybe a time cost. You are unaffected, but I think that
you must be out of the ordinary.(You are aren't you? :~).
Then, is the cost worth the extra $$$? Are there extra $$$? Is it MORE
profitable?
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