A Trading Post Blog
Commentary on Trading Post and the Online Trading Industry

Jul 25 2008

Trading and the Gym

Some might read it Trading AT the Gym, but I just wanted to share some thoughts that occurred to me when I was at the gym last night.

I won't soon forget what Tom Sosnoff the founder of thinkorswim.com said in a session at the LA Trading Expo last month. In essence it was, if you want to be a successful trader, trade ALOT.

The point that he was making which was a light-shining moment for me last night was - effort and consistency. Just like going to the gym once a week or once a month or once a year isn't really going to make a difference, trading every once in a while isn't going to do too much good either.

What happens at these points of inconsistency is we try to make up for all those other days, weeks, months that we missed out on. We try to pack a full body workout lifting weights we were used to lifting (when we were in a workout routine), and similarly traders seem to take a go big or go home type of approach when trading sporadically - ESPECIALLY when small gains are made - there's a feeling to push that much more.

Really, though, Forex trading or any trading, whether it be equities, commodities, etc., can be related to most things in life.

When you're in the zone of trading, you'll relate everything to life. You walk around, you drive around and everything is relatable. And it should be. Trading shouldn't overwhelm our lives, it should be a part of it.

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I can't believe how fast the days and weeks go by. This past week was particularly crazy. It just seems like Monday was yesterday.

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