But face it, Kids, while fulfillment and increasing harmony are nice, the money is what allows us to eat, drink and trade. We can be merry later. As both a student and an instructor of this matter, I am always looking for a way to reinforce the basic tenets of the profession. I am always shocked, when I see my students breaking all the rules and still whining that they just can t seem to get on the right side of a trade. So back to basics.
Money is valuable.
Incredibly, many treat it as a caste system of valuation. Money earned by digging ditches is somehow more valuable than money found on the street. It is treated differently. As a trader, I can guarantee that you will not win all of the time. Just because you made some money on that screamer , don t get cocky and throw the profits into a gamble.