Day Trading Emotions | CandorPath

Day Trading Emotions

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By John Kennedy, CFP® / June 22nd, 2020

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The current world circumstances are greatly impacting the news and market, and it’s easy to allow the negativity to infiltrate your thoughts and daily routine, disrupting what truly matters.
 
Let’s consider day trading for a moment. How many people have tried to chase the illusive idea of making a living day trading? It isn’t an impossible feat, but day trading is a difficult skill to develop, and the process isn’t without volatility. That’s why for most of us, focusing on a long term investment strategy will yield greater financial success.
 
So then, why do we often subject our daily thoughts to the volatility of day trading them? Rather than spending all our time worrying about the ever changing news and market, we should be focusing on what is within our control, like making long term investments in our family and communities.
 
Let’s stay focused on what really matters.