Excitement

Online trading is very exciting , to beginners at least. When I first started trading “live” with real money , my excitement level was super high. My eyes never leave the computer screen and my heart beat was as fast as every tick and every pulse of the price bar movement. Mind was totally filled with excitement , anxiety , stress , fear … Obviously , that is not what trading is all about.

But there are still people who want to seek excitement by doing trading online ; and I feel that is one of the worst reason to participate in the stock market. For many traders , this type of trading becomes akin to purchasing a lottery ticket. Each action is motivated by an energising and electric fantasy. Buying a lottery ticket is like buying a Dream and buying Excitement. Buying lottery occassionally might be alright , I do that too . But to consistently throw money into the stock market just for excitement and hope for luck is a silly move …

The online internet and TV commercials play to this type of thinking all day long - making people think that online trading equals big houses , yachts , trips to Carribbean islands or round the world , and sparkling jewels. Many are lured into the trading world with false promises. Trading is about proper education ; its about accumulation of wealth over period of time. It is not overnight richness. It is not luck and excitement.

Excitement level is naturally high in the beginning trading stage. Eventually if it slowly turned out to be a boring activity , then success is very near the corner. That means you have a fixed trading system or strategy.