My First Paycheck | TRIN Café

My First Paycheck

Sharing is caring:

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

BLOGGER: 2
  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.

      Delete

Name

A+ Trading,3,AAPL,1,About,1,Amazon,1,Better Trading,13,Blog,50,C- Trading,1,Cartoon,1,Chop,2,CL,7,Comic,1,Congestion,1,Cool,1,DIA,9,Easy Trading,2,ES,2,ETF,1,Euro,1,F- Trading,2,Futures Trading,6,Good Read,4,HE,1,Headlines,9,Info Graphic,1,Jesse Livermore,1,Labor,1,Leisure,3,Lifestyle,3,Long Term Option Strategy,1,Mental,1,Method,2,Money Management,2,News,1,Office,1,Old news,2,ONE,1,One And Done,1,Options,13,Psychology,2,Pundit,1,QQQ,1,Quotes,3,Risk,1,Sim Trade,1,slider,1,SPY,2,sticky,1,Technical Analysis,36,Thought,3,THRM,1,Traders Tech,1,Trading,19,Trading & Investing,1,Travel,2,Trend,1,Trin Café,1,Trump,1,Unions,1,UVXY2,1,Video,2,VNQ,1,Weekly Picture,1,WFC,1,Win,3,XLE,1,XLF,1,XLK,1,YM,9,ZC,1,
ltr
item
TRIN Café: My First Paycheck
My First Paycheck
https://1.bp.blogspot.com/-tYz9OvCbUzc/WRnbxzfuxzI/AAAAAAAABOc/Gev93AwBEI8RDcMEct4I66gLqMGCKGOHACLcB/s640/vitaly-145502.jpg
https://1.bp.blogspot.com/-tYz9OvCbUzc/WRnbxzfuxzI/AAAAAAAABOc/Gev93AwBEI8RDcMEct4I66gLqMGCKGOHACLcB/s72-c/vitaly-145502.jpg
TRIN Café
https://www.trincafe.com/2016/08/my-first-paycheck.html
https://www.trincafe.com/
https://www.trincafe.com/
https://www.trincafe.com/2016/08/my-first-paycheck.html
true
4387547293353613323
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy