It takes just too much time, money, and effort. Everybody wants more money from me. At least in trading, you don't see opposite parties in front of your face, but these contractors keep coming back with troubles and ideas.
I, however, have been following markets somewhat. GS, APPL, commodities and markets in general. There are ups and downs everyday. When I first started trading, if I missed anything potential, I felt so bad that I wanted to participate in every market move as if I could have precisely caught everything. But then again as soon as I jump into the very news with my live account, markets did exactly the opposite of what I expected and I ended up losing.
This time at least I don't feel much. For example, I'm a big fan of Apple products. I own multiple products from computer to iPhone. I recommend Mac over PC in a heart beat. Was it Warren Buffet who said 'Invest in something you know'? If I have to pick one product that I know very well, that'd be from Apple. Last year, I traded AAPL quite a bit all to the long side. Unfortunately, I had to close that account because my lumber / nat gas positions were in danger. I think at once, AAPL dropped below $100. While my trading gut kept telling me I should buy at that price, I just chickened out. Anyhow, I missed this Apple's giant move yesterday, and I really felt they are doing really great. However I don't feel much about missing anything because there's always another opportunity.
Speaking of trading gut, I think that is a very important factor to become a successful trader. In theory you should trade by rules, but once you're experienced you know when to jump in. I'm still a wanna be trader, but I've seen good traders trade that way and make 10s-100sK quickly. If you played any kind of sports, and you practiced so much, what you need to do is embedded to your body. You don't have to think too much about everything. In trading, of course without money management, gut-trading will be quite costly.
I plan on coming back to trading with my own trading office at a new house. I'll start with a small account and I will record everything here with even videos. I'm hoping this Summer if not Fall.
