Normally, when I put a complimentary comment in this column, it has some helpful point about trading. Since we are still getting rain and it is still relatively cold here in California, I needed a lift today, so here is my lift …
Not a question, just a comment in response to YOUR question. I read all your articles. I find them enlightening, entertaining, educational, concise, insightful & well-written (I think I’ve run out of adjectives). Thank you!
Okay, I feel better after printing that. Oh! Look, the sun just came out. Wow! How is that for timing? Whoops! Here come the clouds again. Damn …
Sitting here writing about this moment, it occurs to me that my emotion around the weather situation here is similar to the emotion of the markets and the U.S. economic recovery …
The cold, wet winter of recession is hanging on. It just won’t go away. Even as the season changes from recession to recovery, the gray clouds keep coming, bringing with them some cold and some rain. And then some good economic news, the sun will pop out, warm things a bit, and then Greece, Spain, and Portugal float in and the cold and rain return. Up and down the emotion goes …
For me, controlling my emotion around the weather is similar to how I control my emotion around trading. When the clouds just won’t go away, I find something that makes me feel better. Today, I put the complimentary comment in this column, and I feel better. When my trading gets bumped around because of the debt issues with Greece, Spain, and Portugal, I look to something that will make me feel better. I have found that thing that removes my negative emotion, which allows me to clarify and concentrate.
The thing is that no matter what economic clouds roll in, even if they bring intermittent rain and cold, I know one thing is certain – the economic season will inevitably change, bringing with it more sunshine, more warmth, and more of the trading opportunities that suit my style of trading.
Trade in the day; invest in your life …
