My youngest wanted her own dog so we got a new puppy. Of course I am now the one who is taking care of the daily mess in the house.

But unlike my younger days when I used to fly off the handle at cleaning up after every accident, this time I am  much more Zen about the whole process. 

The dog has to get used to her new surroundings. She has to get used to the cacophony of noises and the symphony of smells  of my Upper West Side neighborhood and she has to grow physically mature before learning to hold her bladder. So while I wait for the puppy to grow more confident and capable I am perfectly ok with cleaning up the mess.

Meanwhile I am amused at the thought that puppy training and trading have so much in common. They are both exercises in patience, observation in and adjustment. A new trading strategy is often just like a new puppy - full of enthusiasm but little direction. You need to watch it patiently, clean up the mess over and over and over again and even when you finally have it working relatively well there will always be a few accidents ahead. 

I’ve read about how during the pandemic many people adopted dogs only to turn them in after realizing that life with an animal wasn’t all cuddles and kisses. I am pretty sure that most people fail at trading for the same reasons that some people fail at puppy training. 

No one wants to pick up the poop.

But picking up the poop is very much the essence of both activities. In trading  things go sideways all the time and just as with the animal in front of you - you can lose your temper, stomp and scream all you want and the market, just like your pet will not give a f- about your tantrum. It’s much better to clean up the mess quickly and move on.

As your dog and your trading strategy grow you’ll get to know both a lot better. You’ll understand their strengths and their weaknesses. You’ll anticipate their quirks and you will have far fewer accidents the longer you live with your animal and the longer you trade your strategy. But all of this of course requires time and effort and while dogs may require a few months of training, trading will often require years  of study.

The bottom line is this. If you don’t enjoy the whole process you shouldn’t waste your time. The joy of owning a dog doesn’t lie in  being able to take a perfect Insta picture, but in creating a lifelong bond of love with another living thing. The joy of trading doesn’t come from the “easy money wins” that many imagine it to be, but from the enormous satisfaction of playing the most complex game in the world against everyone else.

In the end, if you trade long enough you realize that the puppy is ...you.

 


Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

Editors’ Picks

EUR/USD holds steady above 1.1750 as traders await FOMC Minutes

EUR/USD holds steady above 1.1750 as traders await FOMC Minutes

The EUR/USD pair holds steady near 1.1770 during the early Asian session on Tuesday. Traders continue to price in the prospect of further rate cuts by the US Federal Reserve in 2026, following the 25-basis-point rate reduction delivered at the December meeting. The release of the Federal Open Market Committee Minutes will be in the spotlight later on Tuesday.

GBP/USD finds key support near 1.35 despite year-end grind

GBP/USD finds key support near 1.35 despite year-end grind

GBP/USD remains bolstered on the high end as markets grind through the last trading week of the year. Cable caught a bullish tilt to keep price action on the high side of the 1.3500 handle, though year-end holiday volumes are unlikely to see significant progress in either direction as 2025 draws to a close.

USD/JPY rises back above 156.00, shrugs off Yentervention risks

USD/JPY rises back above 156.00, shrugs off Yentervention risks

USD/JPY is back in the green above the 156.00 region in Tuesday's Asian trading. The pair shrugs off impending risks of a forex market intervention by the Japanese officials. Volatility is expected to widen during the last trading week of 2025, and follow into early 2026 as holiday-thinned market volumes wreak havoc on general market trends.


Editors’ Picks

AUD/USD retakes the 0.6700 mark amid cautious markets

AUD/USD retakes the 0.6700 mark amid cautious markets

AUD/USD is reattempting the 0.6700 mark in the Asian session on Tuesday, on its road to recovery. The US Dollar consolidates overnight losses, despite a cautious mood, lending support to the pair. Traders now look forward to the release of the Minutes of the Fed's December meeting for fresh impetus.

USD/JPY rises back above 156.00, shrugs off Yentervention risks

USD/JPY rises back above 156.00, shrugs off Yentervention risks

USD/JPY is back in the green above the 156.00 region in Tuesday's Asian trading. The pair shrugs off impending risks of a forex market intervention by the Japanese officials. Volatility is expected to widen during the last trading week of 2025, and follow into early 2026 as holiday-thinned market volumes wreak havoc on general market trends.

Gold rebounds to near $4,350 after Monday's 4+% correction

Gold rebounds to near $4,350 after Monday's 4+% correction

Gold is bouncing to near $4,350 early Tuesday, helped by renewed US Dollar weakness and a dismal mood. Gold was hit sharply by profit-taking on Monday during US trading hours and retreated towards $4,300, where buyers reappeared.

Crypto market outlook for 2026

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries, adoption of AI and tokenization of Real-World-Assets.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

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