Question from a subscriber:
"Once I’ve achieved success as a trader, then what? I’ve heard that after a while trading can become boring."
I know you would all like to have that problem, but I can vouch for its being true. I always have to find new ways to trade or I do become bored. However, I have never run out of ways to trade that remain exciting, at least for a fairly long time.
After the objective techniques of trading (discipline, controlling losses, self-control, self-confidence, etc.) are mastered, the great traders have prescient insight and the ability to envision themselves and their methods as part of a higher realm where art, science, and markets become one with all life.
A friend of mine says it this way: "The great traders I’ve known have an enthusiasm for life. The word 'enthusiasm' comes from the Greek word 'Enthios' and means, 'God within.' Enthusiasm is contagious and causes men to rise above their abilities. Napoleon was known as the '100,000 man,' because on the battlefield his enthusiasm was worth another 100,000 men. Henry V was a brilliant '100,000 man' who lead his troops, outnumbered more than five to one, to startling victory at Agincourt, where over fifty Frenchmen died for every one Englishman. Great traders, scientists and artists recognize there is great art in all scientific endeavors, and there is great science in all artistic endeavors. Living one's life is the ultimate artistic statement."
Of course, you can always turn to helping others. There is a lot to be said for giving back some of what you have received in the way of good fortune. There is great reward and satisfaction in seeing another person make it as a successful trader.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.