Personal Monetary Value System

The greatest danger that one faces after being exposed to the markets is the loss of their personal monetary value system. It is not uncommon for the traders to make or lose 5000 to 10000 in a matter of seconds. Now suppose at the end of the day you are shopping for a shirt. You find one priced at 299 and another one priced at 399. Subconsciously, regardless how grounded or disciplined your background is, in the back of your mind you will eventually ask yourself, “What’s 100? I just saw some lunatic trader lose 5000 in about five seconds”. This exhibits the biggest drawback of entering a trading career. No matter how well grounded or disciplined you are, your value system will suffer.