Money, Insanity and Wall Street

Money: the most charged word in the planet. It means something to everyone. For some, money means a blessing, for others it means a disaster.

We all have heard stories of people who have lost their fortunes or their life savings trading in the stock market; but, we don't hear much of people who are currently trading and how their lives are turning upside down.

For some, the process of trading is like the development of an addiction, it starts with expectations, with hopes of a relief, with desire to control money or acquire more of it. Soon, it starts turning into an obsession. Then, it controls the thoughts, emotions and feelings. Next, there is no longer consciousness about the external life, everything around turns into a distraction from the focus of trading, and those distractions must be eliminated.

This is where relationships end, where jobs are terminated, and the mind is totally controlled by the obsession of trading. Whether money is made or not, is not the issue. The issue is how, at what cost is made? Is the cost a family, a spouse, a significant relationship, sanity, peace of mind, health?? Maybe the cost is not worthy.

When you buy a stock or an option, you are leaving a part of you attached to it, whether you want to accept it or not; it is always in the back of your mind. Your heart, your mind, and even your body will tell you what to do. If there is pain, fear, anxiety, destruction, conflict around you, then maybe you need to stop and look again.

Wall Street is always there, but your sanity, family and self-esteem may not be. Choose, because you always have a choice. Nobody can make the choice for you; nobody had made the choice for you. Money can absorb human souls, money can destroy human lives. Money is definitely a sword of two edges. It can bring joy or destruction. Your choice. Every time.

© Copyright 2005 by Jeanette Castelli

Adapted from the book, Wall Street Poems: Rising Beyond The Illusions, by Jeanette Castelli. For more information visit website, http://WallStreetPoems.urbantex.com/

Jeanette Castelli is an author, speaker and coach. Her education includes an MBA and a Master of Psychology. She is an expert in recovery and healing processes, including divorce, past events and wall street losses. Contact her JCastelli@urbantex.com

In The News:


pen paper and inkwell


cat break through


Investing in the Stock Market - When To!

Is really not as important as to how you invest... Read More

Market Experience of a Naïve Stock Operator

Sometime in the third quarter of 1997, someone told me... Read More

Hill of Hope

Just about now everyone is confused as to which way... Read More

Trade Stocks for Real

I read a comment by a forum member on another... Read More

Whos Calling?

Its dinnertime and the phone rings. It's Joe Noname with... Read More

Hold Em and Fold Em

When most analysts, financial planners, fund specialists and investors try... Read More

Its Snowing

The Winter Games for the Olympics are coming up soon... Read More

Trend Trading - Trading Stocks Using Technical Analysis and Swing Trading Strategies

Peter is a professional trader, Paul is not. Peter has... Read More

Why Buy and Hold?

Since I can remember, and that's a long time ago,... Read More

Mutual Fund Ball and Chain

The broker told me not to sell because the mutual... Read More

Option Trading Basics

Options trading can increase the profits you make when trading... Read More

A Stock Market Investment Plan that Never Lets You Down

The bulls and bears of the stock market are both... Read More

Stuff

I continually hear from economists, talking heads, other market letter... Read More

The 1% Solution

You probably know the story of Sherlock Holmes and the... Read More

Red, Green, Yellow - or - Stop, Go, Go Very Fast: Which Describes Your Online Trading?

Ever notice how behavior in one area of life can... Read More

Trading Baskets II: The Crapolio, A Roll of the Dice in the Stock Market

In a previously written article, we expanded the use of... Read More

KISS Formula

There are formulas for just about everything, but it has... Read More

Valuation

Every day I hear from the "experts" on CNBC-TV and... Read More

The Holy Grail (of Investment)

Every year I go to the Money Show in Orlando,... Read More

The Seven Mistakes All Novice Traders Make and How to Correct Them

We learnt the following the hard way! If any of... Read More

The Golden Goose is Sick

It is finally catching up with them. The brokerage companies... Read More

Choosing An Investment Stock Broker

If you want one.And I don't recommend any broker with... Read More

Duct Tape

Did you run out to buy that duct tape yet?... Read More

Size Counts!

What the heck am I talking about?It is often said... Read More

Fools Gold

The stock market has been in an up trend for... Read More

Its Better

Question: How does it get better when it gets worse?Last... Read More

A Personal Stock Market Investment Philosophy

∙ Make every investment in the stock market a long-term... Read More

How To Buy And Hold

One of the most believed bits of conventional wisdom from... Read More

How We Eluded The Bear Of 2000

The date October 13, 2000 will forever be embedded in... Read More

Trading Tips No 5: Stock Trading Curve Drawdown and Commitment

All stock trading and investing methods must deal with the... Read More

The Stock Market - How Just One Question Will Tell You All You Need To Know About Your Stock Broker

Last time we looked at the real performance of the... Read More

Traders, Defend Against the Dreaded Death Spiral.

It has often been said that there is only two... Read More

Alfred E. Newman

What! Me worry?Many of you remember the cover of MAD... Read More