I’m going through a ‘patch’. A great bit soggy quagmire might be a little more accurate, actually.
I don’t really like writing that. I’m normally a very capable, unemotional, get-the-job-done kind of girl, (and fun – don’t forget fun, because all that sounds horribly boring and secretary-like) and I’m really not really one to sook and sob and weep for any length of time so it’s all very out of character and really kind of wimpy.
Please don’t pat my back and tell me it will be okay, because I might accidentally punch you.
Normally, I’d most likely ignore the ‘patch’ and carry on, and I’ve probably been doing that a teensy bit too long – hence the putrid swamp I now need to haul myself through, rather than an easily navigable puddle.
Trading is Not a “Section” of Your Life.
It seems I made the mistake of thinking that my outside-of-trading-life could carry on happily without affecting too much in Trading-World. I was wrong.
Really, I knew this – it shouldn’t have been a surprise. But when things are coasting along as they should, it’s easy to get used to those calm waters and ignore the little ripples – right until all those little ripples gang up on you and tip you right out of the boat.
At the risk of boring you with the finer details of my life, I’m going to bore you with the finer details of my life.
Ripple Number 1
You probably know I live remotely. To give a little perspective, I live 1000km from the nearest Starbucks, and in saying that I can see that my sanity must a be little questionable to begin with.
Living that far away from the real world can, at times, make things a little tricky – dealing with a property subdivision, for instance, organising a bathroom reno, and figuring out a new and exciting location for a wayward leach drain probably all fall into the “don’t try this from a-far because it will drive you mental” category.
In retrospect, my “I Can Do Anything” motto didn’t serve me especially well in the leach drain scenario; but on the upside now I know first hand where the saying “It’s like pushing sh*t up a hill” comes from.
Ripple Number 2
This ripple is a bit new and unusual for me. Somewhat related to Ripple 1, we’re also building a house and as you can imagine the costs associated with the whole subdivision and new build project are rather ginormous.
Normally when I’m trading, I’m absolutely comfortable with the risks that I’m taking. I know what I can lose, and I can sleep well with that knowledge. But when you are writing cheques for tens of thousands of dollars at a time, suddenly the risk doesn’t sit so well.
All of a sudden, I’ve got a sense of foreboding about a crash-type scenario where all my risk is wiped out at once, and it makes me really quite uncomfortable – even though my portfolio heat level is set so that only a small chunk of my capital is at risk at any time. So even if October 1987 did decide once wasn’t enough, I’d actually be okay. Relatively.
Regardless of this, and even though my trading account is my trading account, and not at all ear-marked for the building process, the tight budget involved in the property project is making itself felt.
Weird. But its a real obstacle, and one that I haven’t as yet quite decided how I’m going to manage. Cutting risk seems obvious, but there comes a point where risk becomes so small that you may as well not bother.
Ripple Number 3
This year is my last year as a stay-at-home Mum. My littlest guy is off to full-time school next year, and it’s time for me to stop being a princess and actually pull an income. And that’s what this year has been devoted to – working out a way to trade for income, rather than longer-term profits. All of a sudden, I’ve noticed I’ve only got a few short weeks to get ready – and I’m not there yet.
Forex is proving tricky for me; I haven’t nutted it out and my time is ticking away. It’s secretly freaking me out – I’m the anti-Cinderella, where once the clock strikes New Year I lose my shorts and thongs (shoes, you understand) and magically transform into a boots and Hi-Vis wearing Salt-Miner.
I totally under-estimated how long the process of finding a reliable income producing trading method would take. Either that, or it’s possible I’m retarded.
Regardless, I’m spending every spare moment testing new ideas, figuring out what works and what doesn’t, and putting the puzzle together in a way that is robust and will stand the test of time. It’s not quick work, but it will be undeniably worth it in the end.
How to Keep Trading Separate From Real-Life
Problems Struggles Learning Opportunities
You can’t. Trading is not a separate thing because trading is you. It is you and your reactions to the information the markets present that determine your trading actions, so if you find yourself in a situation where you’re starting to come unstuck, it’s time to regroup.
When so much is demanding your attention outside of trading, it’s extraordinarily difficult to fully focus on the job at hand, and it’s pretty much guaranteed that you won’t be a particularly effective trader when you’re preoccupied with stuff that needs your immediate attention. So when things are overwhelming, take some time off, and step back.
To be clear though, I don’t mean step back and cry. This is not the time for sobbing as you cram 3 packets of chocolate biscuits into your mouth, and it’s also not the time to wash them all down with whisky straight from the bottle – because as comforting as that sounds, it actually won’t help.
If you want to drown your sorrows, at least get a glass. And a pen and paper.
And get to work on those ripples.
Did you know you can get Rogue Traderette posts sent direct to your in-box? Sign up for FREE here!
Share it with your friends! The share buttons are right below.