As of 04/15/2024
Indus: 37,735 -248.13 -0.7%
Trans: 15,388 -109.77 -0.7%
Utils: 849 -6.15 -0.7%
Nasdaq: 15,885 -290.07 -1.8%
S&P 500: 5,062 -61.59 -1.2%
|
YTD
+0.1%
-3.2%
-3.7%
+5.8%
+6.1%
|
 39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 |
As of 04/15/2024
Indus: 37,735 -248.13 -0.7%
Trans: 15,388 -109.77 -0.7%
Utils: 849 -6.15 -0.7%
Nasdaq: 15,885 -290.07 -1.8%
S&P 500: 5,062 -61.59 -1.2%
|
YTD
+0.1%
-3.2%
-3.7%
+5.8%
+6.1%
| |
|
39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 | ||
Bob began life in a large family whose parents taught him that hard work led to success. He applied himself and was accepted to Harvard. While studying to become a lawyer, he paid for his living expenses by working as a salesman, and he married his childhood sweetheart who pushed out three kids along the way.
Life was picture-perfect until he became bored as a lawyer and began looking at the stock market. He did not devote the time, energy, and resources to make trading successful, but he was used to making a commitment to succeed. He redoubled his efforts.
After two years of studying and researching, he had developed a system with rules he could obey, and his trading turned profitable. However, as his trading commitment grew, his home life suffered. His wife could not understand the time required to develop the system and resented having to set an appointment to see him. His kids always found dad buried behind the glow of a computer screen. Even during his free time, his mind was on the markets instead of his wife and children. He stopped exercising and his diet suffered when fast food became not a treat but a ritual.
He quit his job to work full time on trading. Without a business plan to chart his way to success and without enough money to properly capitalize his new endeavor, the lifestyle to which his family had become accustomed suffered. His wife got a job as a nurse to help provide for the missing income, but the strain on their relationship grew. She demanded more attention.
The work ethic instilled by his parents said that to make twice as much as he did as a lawyer, he would have to work twice as hard. But he failed to recognize the toll it would take on himself and his family. The solution to his problem was not to work harder, but to balance his commitment to trading, his own health, and the health of his family.
To achieve that balance, his wife and children needed to understand the rigors a startup business required in time, money, and emotional support. They needed to not only understand but approve of the undertaking, otherwise the stress induced in themselves and in him would tear the family apart.
Take this test to see if your life needs rebalancing.
You should have answered "Yes" to all questions except #4. Give yourself one point for each correct answer. The higher the score, the more balanced you are. To put it another way,
a low score means you're unbalanced. 
If you keep the components of nutrition, stress management, exercise, and rest in balance with your commitment to trading, you will be happier, healthier, and perhaps more profitable.
-- Thomas Bulkowski
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My Stock Market Books
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