Take a Leave of Absence From Trading

February 21, 2007 by Trader Rich 

Without getting too personal, I unfortunately concluded a divorce yesterday.  Even with everything going on the last two weeks, I still tried to follow the market and trade.  This was not a good idea.  Though I didn't really break my rules, my mind was not focused and I just didn't have the capacity to follow my usual routine.   I would have been much better off if I just took the time off from trading.  That is why my advice going forward would be to take a leave of absence from trading if you have issues that will affect your trading routine.  We all have to deal with a variety of personal issues on a day to day basis but some affect us more than others.  Those issues that have the potential to affect judgment or routine should really make you ponder whether trading during this time is a good idea. 

My results this month are horrendous and I cannot fully blame my personal issues.  I think that with the issues aside, this still would have been a losing month but unfortunately with everything going on, it just feels a lot worse.   I have not had time to update my trading log for last week or this week but once I do, I'm sure you will see what I mean.  

So what am I going to do about all of this?

I'm going to accept my losses and try to put this month behind me.  I will of course count it in towards my performance but with the understanding that hopefully an important lesson was learned.  In the future, if I do have some issues that will seriously affect my ability to trade, instead of trying to carry on, I will halt trading entirely.

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Comments

7 Responses to “Take a Leave of Absence From Trading”

  1. Anonymous on February 21st, 2007 2:03 pm

    Hey dude, sorry to hear about your situation. Hope things get better for you. Just keep us updated on your forex trading. You’ve got potential. xD

  2. Rich on February 21st, 2007 2:06 pm

    Thanks man…. Just for the record, the divorce had nothing to do with my dedication to Forex :)

  3. Vaughn on February 21st, 2007 3:19 pm

    Stay strong man. I guess you had to do what you had to do.

  4. Forex Trader on February 22nd, 2007 3:11 am

    Its a good thing you left her ass before you made it big in forex, otherwise she would have gotten a whole lot more….look at the bright side you are a free man again, and when you get super rich she’s gonna want you back and then you can give her the finger..lol.

  5. Stefan T on February 22nd, 2007 11:11 am

    Always remember that tomorrow is the first day of the rest of your life. In forex, in relationships, in everything.

  6. choud2403 on February 22nd, 2007 10:30 pm

    Sorry to hear the news. Be strong. Life has lot to offer then this. You can get lot out of this Forex trading. Goodluck on your future.

  7. Rich on February 23rd, 2007 8:37 am

    I hope your right.

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