Today I wanted to trade badly. Several times. The urges were strong. I was counting the money I could make if I traded, and how much I’d get back, and how long it would take to get everything back if I did that every day.
It took an enormous amount of restraint as I watched the market prices tick by every second for hours. But I made it through the day without placing a trade.
But the only reason I made it through today without trading (gambling) is because I kept telling myself: “if we just have patience and wait a few more days, we can invest at a great price, and hold the investment for months.”
I guess that’s better than short term, fast-money trading (gambling). But it means that I’m still fixated on the idea of being in the market, to make money from the market.
I don’t know what to make of this. At the same time, I know that if I wait I will get a great opportunity to invest for the rest of the year and just let the money sit and grow. On the other hand, what will happen once I start making big money on that investment? Will I go crazy with greed and try to speed things up, taking big risks?
Not sure how to deal with this. Time will tell. It’s really hard when the gambling addiction is mixed in with good, smart, patient investing. My goal is to separate the two once more.