Closer To Trading For a Living

I haven't been able to put a lot of time into actual trading.  I woke up late twice this week and didn't have any time to look at the charts before heading to work.  It's never a good idea to try to trade when you're in a rush.  This is a recipe for disaster.  I've done it in the past and won't do it again.  On top of that, Wall Street hit me hard this week when bonus numbers were released.  It just figures that the hit was hard yet the work load has increased at a fast and furious pace.

I remember a post that Simon had a couple of weeks ago about not putting pressure on yourself to trade for financial freedom.  Instead, he said trade towards material things like a plasma television or something else.  If anyone has worked long enough in the corporate world, you've seen someone get layed off after 20 years of service or your compensation decrease.  Therefore, guess who owns you.  Time will tell if trading is my route to financial freedom but there's no doubt that my goal everyday is to strive towards the goal of trading full-time so I'm in control.  I love gadgets and big screen televisions but the thought of owning them do not motivate me.  It's up to you to find that motivating factor.

That brings me to my end of year question, "Do I feel any closer to becoming a full-time trader?" The answer is no.  I've made a lot of progress over the last 2+ years but no where near where I have to be.  Where do I have to be? I don't know, a lot further along than where I am now.  I've made leaps with managing my money so that now when I bleed money, it's at a snails pace but I have to be honest with myself.  If I'm not showing a consistent profit, I'm no closer to trading for a living.  I'm not discouraged, I have a renewed sense of motivation since I started trading again in November.  Trust me, I'm not going down without a fight and will continue the struggle in 2008.

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