Moodiness of a Trader 6/1614

Traders are human and are subject to moodiness based on events in their own lives. I have often wondered why Wall Street hires young smart people and gives them millions of dollars of money to manage when they have so little experience. I believe it is because young people are fearless, and do not know what losing money means. It is still a game. They have not experienced life enough to face failures and fear. Brash, cocky, confident, are best described of people who are young. As I see the Soccer World Cup and I see countries come back from a loss to overcome opponents that are supposed to win and beat you, I think of that term “Know no Fear”. I can overcome anything.

I used to be that way …. when I played soccer for my School and College. I remember being the freshman defender of my soccer team. Regardless of my size and puny weight, I knew no fear. There was no player that I could not beat in a tackle.  Foolish, overconfidence of a young man. Yet it was so right.

We have a Collie at home. His name is Roscoe Bear. He is about 10 months old, 70 lbs weight and still a puppy. A very handsome beautiful dog like Lassie. With us he has no fear. But take him outside and he is afraid of skateboarders, people walking their strollers, kids playing; yes; pretty much everything. Where is his “Know no fear”… but he is a beautiful dog and we enjoy the love he brings to the family.

I now want to weigh in on the intraday trading system that I have developed for Nasdaq futures. It looks good. I now have 3 indicators on it. Two main indicators, two main systems intertwined, and one more indicator to allow me to get out early when a trend takes place and then starts weakening. I believe this system could make me far more money than my current job. I could make a Million a year (or lose my seed money for the trades). But my age gives me the wisdom that says I cannot afford to take a risk and give up the job I have, a job that will never make me really rich, just keep us fed and taken care of. What is it we want in our lives? Don’t we want to take a risk and see if we can make it on our own? But what if we fail? Then what are we left with? Business people and entrepreneurs take that risk all the time. That is why some of them are so rich, but many have failed and we never hear about them. We fantasize about those who made it. History books are about the winners. Never the losers..

I can do this on my own, but never will. Moodiness of a trader….