I personally feel addicted to trading. Cant live without watching market action and placing trades. Weekends and holidays depress me.
It would be nice but it would be difficult to make money going against die-hard daytraders looking to scalp ur ass to death. its like trying to steal from a crackhead :eek:
in my opinion great things can only be achieved with pure passion. So it is in my little life. Everything I do - I do with passion. Otherwise I am not able to find the energy to go trough the difficult stages of every venture life offers.
if you intend to deal at the highest levels of this game on your own then yes. if you're taking orders at an institution then probably not.
It is a delemma. One must be very determined to succeed,have lots of patience and be extremely disciplined. One must also realize and respect events /situations which when they occur can break down discipline. Trading is different from many occupations where when a difficult job arises,the person that perseveres and succeeds is looked up to. In trading when a market presents itself as a tough market which is hard to read the smart trader walks away.It is almost like just take the easy jobs. The dilemma comes that one must be passionate to continue but not be emotional and worry about losses.Just realize with an edge and a good reward to risk ratio,probabilities will rule and in the end you will be a winner.
Passion can make the difference between being marginally profitable and big profits... Everything you do in life with whole your heart, has much more chance to succeed....
As has been said, I also believe that passion is an essential ingredient to mastery of anything. That said, one could definitely still be a success at a certain task without being incurably passionate about it. Eg, you don't need a consuming passion for shoes in order to successfully tie your shoelaces. But to be top in any field, I think, requires you to be passionate about what you're doing; afterall, you're competition certainly is.