I used to run 10K every day when I was studying at University. Since then, I have reduced a lot my running habits due to a past injury, but I still continue to run every week.
Running has been with me for longer than trading has been. These are both inseparable parts from my life. They are also very similar- both have their ups and downs and both are highly addictive, therefore they both do require extreme discipline.
Running and Trading
When I am having a bad day trading, I usually go out for a run a little longer than usual. By running longer it is like I can physically exhaust that portion of my discontent and regain back my confidence.
Running also makes me realise once again how limited my abilities are. This exercise makes me physically aware of the lows and highs of my persistence and endurance.
After a winning streak in trading, I do try to run longer. Basically, when I am overconfident and when I am lacking confidence I try to push myself harder. One of the major results of that is that I become that much stronger and push myself towards my inner balance.
On one side- when I am winning in trading, running sobers me up; on the other side, when I am losing, it helps me relax and regain control of my own temper.
Funnily enough, if I am angry at myself for not following my trading plan, I direct this anger towards myself. I use that to improve myself and running is a great tool towards reaching this goal.
I have always tried to quietly absorb the things to myself and later I do release them in a changed form… through running.
That is how I have always lived.
This is how I have always been able to improve.
This material is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results.
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
USD/JPY goes on a roller-coaster ride prompted by geopolitical risk
USD/JPY whipsaws lower and then higher on alternating risk-on risk-off caused by Middle East tensions. Governor Ueda talks about defending the Yen from further weakness and currency-induced imported inflation. USD/JPY price chart shows bearish Hanging Man forming, boding ill for future price action.
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.
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