No one said equity trading was easy. If you are day trading at home as your sole source of income, the pressure and stress levels you go through each day are through the roof. In this job, there is a 100% direct correlation between your success/failure and your financial stability/instability. In other 9 to 5 careers, if you carry out a few mistakes on the job you are given second chances. In trading, there are no second chances. Bad trades are permanent losses in your pocket. This is why a struggling daytrader can be the most irritable person you ever can meet.
What do I do to help relieve the pressures of daytrading? Exercise!
If you don't work out on a regular basis, maybe now is the time to start if you are thinking about becoming an equity trader. Exercise not only helps your brain produce your feel-good endorphins but it helps distract you from all the financial worries you may have as a result of a bad day in the stock market. Staying mentally healthy only helps a daytrader have a clear mind to effectively make fast decisions and not cloud his or her judgement when trading stocks. During the weekends, I look forward to playing full court basketball with my neighborhood friends in my community for a few hours each Saturday and Sunday, and during the week I try to find a day where I can run a few miles outside the house.
When you take care of your body and mind, your trading focus will ultimately improve.
- Hubert Tsai