Smoking Securities

Half Baked High Finance

Over Trading

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Tuesday was a lesson on the virtues of patience and discipline as I unsuccessfully tried to short the market. Things still look grim for the bulls, but there is too much churning for me to make money as I get frustrated switching positions and paying commissions for pennies.

Over trading is more than taxing on my account, it strains my mental stamina. The nervous energy from jumping in and out without the benefit of profits is wholly unsatisfying, and leaves me vulnerable to more mistakes as my P/L goes red.

Thankfully, I have a ukulele by my side at all times, and an assortment of kooky books to thumb through. Sometimes, the best thing I can do to trade is to not trade at all.


Written by chucklesamadeus

January 14, 2009 at 12:40 am

Posted in Uncategorized

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