As tomorrow's market open approaches, I feel increasingly drawn to the markets. But the real test will not be tomorrow. It will be weeks and months after my recent 3000 dollars loss. The test will be harder after a few wins. It's easy to be immune from your trading addiction right after a huge loss. But you're not cured.
I have a craving for action, and trading satisfies it in some way. I satisfy my thirst for action by moving money, taking big risks, and trying to gain more money, which will then give me more power to act. It is not a coincidence that my favorite movie is taxi driver: a guy who unleashes his full desire and potential for action (and kills a bunch of people).
Where did I get this predisposition for addictions?
I am not a psychiatrist of course, so I'll do some guessing. I think I got from the relentless anxiety coming from my father. Checking, double-checking, scolding, yelling... lecturing... reminding... correcting.
In my house there's never been any serenity.
How am I making this wild guess and this behavior could be connected?
Lack of serenity and continuous checking and compulsive double-checking means you cannot sit still.
Lack of serenity means you have to do something compulsively all the time: working, reading, talking, writing.
That's how my father is, and that is how he made me become, by example and by teaching.
So the connection is actually pretty straightforward: if you're unable to sit still and stay calm and serene, what are you going to do when you're in front of your trading platform? You're going to trade. Regardless of whether there's opportunities for you to seize.
Compulsive people do not make good traders. Frustrated and nervous individuals do not make good traders. I suppose. Or whatever: I do not make a good trader. Enough with my generalizations.
I'd have to become a healthy individual before being able to trade discretionary properly. Therefore I might never be able to trade discretionary. Because I might never become healthy, and then my compulsiveness won't go away, nor my trading addiction - nor any other addiction.
For example, my parents just left now. And I felt relieved. The whole day they were home, and I was mostly locked in my room.
My mom is not a problem, but she is a problem to the extent that she married my dad and puts up with him - on the other hand if she didn't put up with him, since he wasn't willing to change, they wouldn't have married and I wouldn't be here.
Basically my mom puts up with him the way he is. How is he? We're at lunch for example and he won't care about anything you have done during the day, neither about me nor about my mom. If we talk, he doesn't look interested, neither nods nor says anything to show he's listening. So if we ever start saying anything, after feeling that we're talking to a wall, we just stop talking.
So the silence begins, as far as our talking about something we'd like to say.
But then we know we have a choice. He is not only willing but eager to talk and be asked. But not really questions and answers: rather questions followed by a lecture. Like a student would ask a professor to explain something. So what we've learned to do, my mom and I, in our lifetime with my dad, is let him lecture us. We ask him about politics mostly. And then he teaches us and goes on talking for hours. But then we have to provide more questions, because we know that's what he likes and expects. Pretty sad that he basically forced us to adore him like a great academic in order to have any relationship with him.
So I often just grow frustrated with this type of relationship and leave during his lecture. The most frustrating part is when I happen to speak let's say about one of my favorite subject, and he starts lecturing me even on my favorite subject. Say we were to talk about taxi driver (which of course I would never do): he knows it's my favorite movie, but nonetheless he'd try to teach me something about de niro. He's not willing to listen to anything I or my mom say.
So this is very related to trading.
A frustrated father chooses a submissive wife who lets him be however he wants to be, and then he creates a dysfunctional family, and a son who cannot trade, because of how frustrated he is.
A dysfunctional family creates what
Larry Harris defines a "futile trader", who expects to make money but who doesn't, because of his "emotional problems":
Whether I am stupid or intelligent does not matter, because my "emotional problems" interfere with my "mental capacity" enough to blind me and make me unprofitable.
I don't know if I can say that all unhealthy individuals cannot be profitable, but I can say that I am unprofitable only because I am unhealthy. There's nothing else keeping me from being profitable. There might have been before, when I certainly didn't have an edge, but not now. Now the only thing keeping me from being profitable is impatience and compulsiveness. I know exactly when the good moments to trade are, but I feel like doing other things. I feel the urge to act in the markets, regardless of consequences.
I need to either have a capital big enough to just trade automated - the method works and I can do, and did in the past, all the while being an unhealthy and irrational and disturbed individual - but I don't have enough capital. Or I can address my personal problems, which trading brought to light so well and clearly. I need to address these psychological problems, because even if I had a lot of money and just engaged in fully automated trading, I would still be at risk.