Time To Quit Stock Trading?

Lately I've gotten some emails from traders regarding frustrations with their stock trading. Just when it was looking like we were going to rip it higher, Osama Bin Coward had justice delivered upon him, and we pulled back for several weeks. Then, just when it looked like we were going to break down, the market got a nice bounce, likely fueled by super deluxe short lists and my super secret indicator, as well as negative sentiment. We quickly got overbought, but rather than get a retest down, we squeezed and knocked the Bear's teeth down their throat.

So, is it time to quit stock trading? Despite what some will tell you, the market doesn't follow an exact script. That's why it's important to put the work in every single day, and follow a routine. This way, no matter what curve ball the stock market throws at you, at least you have a plan.

I hate to harp on it, but developing a trading plan and keeping the discipline are so important, much more important than any custom indicator or black box algorithm.

In the end, only you can decide if you should continue stock trading. Just keep in mind that if you are going to keep trading and just choose another financial market thinking that's the answer, every market will need the same discipline and trading plan. There are no shortcuts. If it were a easy as the super gurus say, then NO ONE would make any money.

Michael "tiny" Saul