I hate that I know so many day traders. They are so smart- I will grant them that. They are actually awesome people, but because they spend all day, every day trading and sweating and worrying and tweeting and making plays, they become extremely reactive and emotionally connected with their portfolios. I understand the passion for trading. I don't really understand the thrill in day trading for a living but, I get, if you love something then you love something & they love to day trade. But I just hate how reactive everyone is all day. The market really has no memory from day to day. Everyone should know this by now. Can't they just hold out, or like decide to take a break from the screen for a day that's as doomed as today was? What is the actual point in sitting around and repeating over and over "biotech got crushed today, Dow hasn't closed this low in so and so amount and this so and so asset hasn't seen this kind of a low in so and so days." OK so what?! We all know that it's just one day. One day. Hold your damn horses, stop panicking, don't make decisions out of fear, be patient and stop feeding off the frenzy. This happens so many times. Swear that every time we see a really bad, so called record breaking day in the red, everyone and their mom starts tweeting and posting and texting about the horrible condition of the market. It's just for today. Today. Just. Today. And if things don't get better tomorrow or even this week, then just hold on to what you have and ride it out. I know day traders can't afford to ride it out, they need to make their money on moves throughout the day. And that is the aspect of day trading I find most unattractive. I can't help but to just want to remind my friends that, in any sector, the most valuable companies, are usually the ones you want to hold for a considerable amount of time and then cash in for a great return. I know day traders make their bread and butter off of every day trades and moves but really sometimes you just have to relax and walk away from the screen. Otherwise they are all going to end up with high blood pressure, receding hair lines and wrinkles before they are even 30. I love their passion for what they do, though. They truly, truly love it. I know that. That's what keeps them there and keeps them coming back for that thrill. So that's good. But to me, it would never be worth it.
