The Trader's Pendulum. Samuels Jody

another corner in the same city, Stacey was living a more fulfilling life than at her previous sales job. Juggling between trading and her duties as a wife and mother was not easy. It tested Stacey's time management and multitasking skills – but Stacey was doing well so far. And she was enjoying every moment of it.

      Stacey held herself accountable for her trading career. She knew that she only had limited time, so she planned well. She would show up at her work desk at the same time every weekday (after settling her baby down for a nap), worked for a fixed number of hours, and called it a day punctually – unless anything unexpected cropped up in her trades.

      She was a methodical person, and this character showed in her trading. She knew she did not have the luxury of time or extra capital to waste, so even before she quit her job and launched her trading career, she already had her trading system set up, tested, and proven. In addition to that, with the advice of her coach, Stacey had written a business plan. It was just nine pages and not exceedingly elaborate, but the process of designing her plan had allowed her some space to think through how she intended to conduct her trading. Consequently, she was clear about her short- and long-term goals, her daily work schedule, the methods to track her performance, and how to manage money – even before she started trading.

      All these efforts to “systemize” her trading seemed tedious and dull at first – and indeed, at some point Stacey questioned the rationale and necessity to do so – but she pushed through it anyway. At the end of the process, Stacey appreciated that she had laid out all the components involved in a trading business and she knew that her goals were achievable.