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Re: A cycle of our psyche?
Yes. I know exactly what you are saying. There are ever-changing cycles in the markets and in trading. It happens in sports where you see someone with a "hot hand" suddenly ( seemingly suddenly anyway) go cold. I am not a big sports person, but I believe there are many examples, and the sports fans here could help with this. I have seen it in ice skaters and also in Tiger Woods. I seem to recall that Tiger Woods went "cold" in his golf game. Do any of you remember that. He took time off and reassessed what he was doing and I think he changed several things about how he played. It is no different with trading. I have watched people I coach do really well for about six months or so and then go flat as a pancake for a few months and then come back roaring. I think it is possible to trade every day, but I do not believe it is possible to be so intensely trading for eight hours a day without some kind of burnout. It might not be full-blown burnout ( depression, physical illness), but reflected in a more subtle manner as lack of concentration, a general feeling of malaise, lessened ability to focus, etc. This is a sign that your body and brain give you that they need to rest and recover. Most traders ignore these signs until it is too late.
This is not meant as an absolute, because everyone is different. However, it is my experience that traders are way too hard on themselves, overwork, underexercise and generally do not take care of their bodies.
If you are going to be in it for the long run ( as most of us would like to be), it pays to listen to what your body is telling you. Get rich slowly and steadily and take time to enjoy the journey..
Thanks!
Doctor Janice
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