My First Paycheck

It feels kind of embarrassing to admit that I have never paid myself from any of my previous trading profits. I think my excuse or reasoning was that I didn't feel an urgent need for the money. For years I have been able to just rationalize that, "I'm building my account" or, that the capital I was trading with was just a trader's "tuition". This logic is flawed for many reasons, the main one being that it leads to bad habits. By not taking a predetermined % of profits, I'm putting profits at risk. I don't know if you can relate to this, but I'm subconsciously telling myself I can take a risky trade or even worse, take a trade not within my method ...also known as a bad trade; all because I view the profit in my account as "house money."

I'm not funding an expensive hobby, this is my business.

Comments

  1. I sincerely belive that you can succeed. Take care my friend and greetings from Croatia.

    ReplyDelete
    Replies
    1. Thanks Kingich, I really do appreciate it.

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