And the hits keep on coming.  Regarding my recent query about the lack of comments on this site, I received the comment below.  Like the one printed the other day, it is well written and lucid, but this one points to three important aspects of trading that I have pointed out before and would like to emphasize again.

I wanted to respond to your question, why aren’t more readers commenting to your articles?  I have been trading full time for a little over a year with minimal success but find your articles and website extremely informative and I appreciate them very much.  They seem to give me the confidence to keep working harder and stick to what I’m trying to do.  Anyway, for me, and I’m sure I’m speaking for other traders at my level, it’s more that I feel I have nothing to contribute than anything else.  Deep down I know that’s not true since I’m sure there are plenty of folks struggling with the same things I am day to day trying to get this fascinating business off the ground.  Thanks for all you do and keep it up.  Sorry for being so quiet for so long but don’t think we’re not listening.

  • It pleases me to read that what I write helps with this reader’s confidence because, in my thinking, building confidence is as important as anything else one does to master trading.  So, no matter how you do it, or from where your inspiration comes, build your confidence.
  • Like an endless software loop, I say again, mastering trading is no different than mastering any other discipline.  It takes time, focus, and hard work.  So, my friend, keep at it, and if you put all pieces in the correct places, your work will pay off.
  • Trading for a living is a business, and to do it successfully, you have to treat it as such, which means you have to incorporate all the elements of building a business into your head and, importantly, into your plan.  Okay, so marketing and public relations are irrelevant to what you do, but the rest of the elements are important.  The point is that you have to take it seriously, as it is your money you are risking.  You have to plan, you have to marshal and protect your resources, you have to execute, you have to account for your successes and your failures, and, hopefully, you will have to pay some taxes.  This sounds like any business with which I have ever been associated.

Again, thanks to those who keep sending me comments personally.  Although I would like to see public comments that inspire discussion, I now get it that for your own reasons, you are choosing not to write comments publicly, either for my column, or any column on the site.  So be it, as long as you folks out there keep supporting what TraderPlanet is doing (free, quality education for traders), I am content to keep on doing what  I do.  And, as long as some of you keep writing me personally, I will know you are out there reading (listening).  This is good because I don’t want to feel like a “lone voice crying in the wilderness” of the trading world. 

Trade in the day; invest in your life …

Trader Ed