Ugly Picks
Dear Diary,
Here are some of my first thoughts about trading:
It is hard work. I didn’t expect it to be so mentally draining. It is very similar to playing in a chess tournament. Your brain is mush at the end of the day. That is when I usually go for a walk and try not to think of anything at all.
I get nervous easily. I hope that this will become less so as I become more used to it. Yesterday I noticed that my hand was shaking when I went to move the mouse.
It is impossible to watch every stock in the market. A trader has to come up with some way of generating a short list of “stocks to watch.” I’m trying to get this down - I have the problem of making my list too large.
In order to trade from home, you need a backup computer, ISP, and power supply. Either that or you need someone to call if your computer, ISP or power goes out. You also need more than one monitor.
I think one of the most important things about trading is how you deal with your losses.
You need a system that makes it hard to lose.
Don’t forget to vote for the stock market blog remainder contest!
* user agreement — how to use ugly picks
