I've been pouring money into my trading account, and burning it up just as fast. Actually, it's only been a handful of bad trades that killed me. As a newb, I made some trades that were obscene (using margin for 3X leveraged ETF not good idea.. lol).
I need to stay focused on not only building, but preserving capital. I've always been a bit of a spender, and not much of a saver. I'm single now, with no significant monthly outlays, and earning a salary that approaches six figures. Still, I've been rather poor at saving. I take after my father, but I won't allow myself to make the same mistakes. Still, it's difficult to fault him. He managed to put three children through University and provide for his family, even with the broken English of an immigrant. That's an accomplishment to be admired - I'll always be grateful towards him.
While trading is fun. We all do it for the money - it's the bottom line that we care about. Trading turns upside down some of my previous beliefs about money. I was taught that when you provide something of value to society, you are rewarded. When I make a trade, the value that I am giving in exchange to make a profit is the money itself. As a collective, I know investors are providing capital and liquidity, but as short-term traders we're just trying to exploit and arbitrage the markets.
Money isn't going to be my salvation. It would never be enough to make me feel content. The times in my life when I've felt most alive had absolutely nothing to do with money. It's those summer nights, when I've walked along the beach and gazed up at the moon. It's the laughs and intimate moments that I've shared with someone special. Those moments are priceless - they cannot be bought.
Money is just a means to an end. So I can keep a roof over my head, and take that vacation or two every year. So I can provide for my own family, whenever that day may come. These things are important - and I wouldn't ever suggest otherwise. I've seen firsthand the barriers of poverty in our society - it's reality. There are few, if any, virtues of being poor.
However, one thing in life is certain, we're all here on borrowed time. Whatever material possessions you own, you can't take with you. Living life is about having purpose and meaning, and achieving your potential as a man. Living with purpose is not mutually exclusive with becoming financially wealthy, and also not a requirement. Nobody cares if you're the richest man in the graveyard.
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2 comments:
6-fig salary, Catalyst? And still single?? You must be very picky! LOL!
First time I've been single in about ten years, so not in a rush.
Now that I'm older, with a career, it's a little more difficult to develop new relationships. Actually requires me to go out and take the initiative, which I've been lacking. I've been like a bear in hibernation over the cold winter here... lol. Thankfully we're moving into spring today.
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