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
Unfortunately, most of you who are reading my column are... Read More
Analyzing growth stocks is an important focus for any investor.... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
I read a comment by a forum member on another... Read More
I am taking the time to help others learn the... Read More
Among the largest forces that affect stock prices are inflation,... Read More
The demand for world oil is increasing while world reserves... Read More
This is a guide to the different types of mutual... Read More
It takes a total mental commitment to the task. It... Read More
If there is one term over-used when talking about making... Read More
On November 17 I bought 7 different mutual funds and... Read More
Never lose money in the stock market again. Yeah, I... Read More
Day trading is all about making buy and sell decisions.... Read More
Everyone who invests in the stock market wants to be... Read More
Sidney felt sick as she looked at her latest OptionsXpress... Read More
For the year 2000 we have seen hundreds of mutual... Read More
In today's volatile and confusing stock markets everyone is searching... Read More
I would like to share with the reader an article... Read More
On Monday, November 25, 2000 Investor's Business Daily listed on... Read More
As a novice trader, you'll often feel the need to... Read More
The broker told me not to sell because the mutual... Read More
Have you ever thought of investing? Do you have a... Read More
A 'stock option' is a contract between two parties giving... Read More
Most people think the stock market is a zero sum... Read More
When it comes to stock market trading it PAYS to... Read More
As the man said, "I've got some good news and... Read More
In November of 2000 when the NASDAQ was trading at... Read More
You remember (they show it on TV every year) the... Read More
As an investor you will want to check out any... Read More
Ever notice how behavior in one area of life can... Read More
If you were to find that you had some severe... Read More
Let's say you are interested in this one company. You... Read More
∙ Make every investment in the stock market a long-term... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
The stock market often closes a week in the middle... Read More
Since I can remember, and that's a long time ago,... Read More
How many times have you said to yourself, "I'd like... Read More
What can I expect to make my first year of... Read More
If you are fed up with early redemption charges and... Read More
If you're a normal human being, your need to feel... Read More
Using Swing Trading Strategies and Technical Analysis when Trading Stocks... Read More
There is no question that the stock market is being... Read More
At some time in your life you have been on... Read More
That sounds like good advice doesn't it? Don't lose all... Read More
Much like the middle child, mid-cap stocks have long struggled... Read More
Let's discuss commodities; with the latest Enron situation, it is... Read More
Mutual funds are doing more and more to discourage investors... Read More
One of the greatest challenges of investing in stocks is... Read More
We all know the expression, "My country, right or wrong",... Read More
Very few people, even professionals, have heard of the Dalbar... Read More
I go to the Money Show every year to visit... Read More
The thinking process of the brain relating to the... Read More
Analyzing growth stocks is an important focus for any investor.... Read More
One of the basic laws of physics states that a... Read More
If you are a baby boomer, time is not on... Read More
After the publication of the first part of this two... Read More
I read a comment by a forum member on another... Read More
Have you been listening to the talking heads on CNBC-TV?... Read More
Profitable day traders recognize that momentum trading is among the... Read More
Let's assume that you want to make some serious money... Read More
It is commonly reported that the stock market averages about... Read More
Last time we looked at the real performance of the... Read More
Mutual funds and brokers are always preaching not to buy... Read More
Is really not as important as to how you invest... Read More
Trading is a fascinating activity.There are so many layers to... Read More
If you're like many investors who squander those small dividend... Read More
Stocks & Mutual Fund |