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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Why Being an Investor Isn’t an Ideal Career Path

Why Being an Investor Isn’t an Ideal Career Path

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sriranga

sriranga
Co-Admin
May be you already read Why Being an Investor Is an Ideal Career Path.
( http://forum.srilankaequity.com/t15413-why-being-an-investor-is-an-ideal-career-path )
Now, I’m going to take the opposite stance, and explain the difficulties of being a full time, professional investor.

You’re fighting against yourself.
We all know the “buy when others are fearful, and sell when others are greedy” line. But how many of us can actually do it? Most can’t. It’s in our nature to be fearful when others are fearful, and greedy when others are greedy. Investing is all about fighting against yourself; your own weaknesses, your flaws, the things that deter you from success. No one likes to be proved wrong, hence are too stubborn to admit that they’re wrong. But as far as investing goes, stubborness is fatal. Hence, you’re fighting against your own nature. Most people lose this war, but the successful win.

The stress…. it’s killing me!
As a full time investor (even if you’re part time, but more-so if you’re full time), the stress is nerve wrecking. There will be nights when you can’t fall asleep, nights when you wake up in a startle, only to find that it’s still only 2:30 a.m. No pain, no gain. That’s why, my ultimate stress remedy is (drum roll please)…… Buddhism! Buddhism is more of a way of life than a religion. Many successful entrepreneurs, like Larry Ellison and Steve Jobs, are devout Buddhists. Buddhism forces you to calm your heart, clear your mind, release your stress, and focus on what really matters (in other words, get your life back in order).

You will be pissed off at yourself.
When you lose money off the markets, you will go through deep, deep pain. “How could I have been so stupid??” “Why is the market acting like this???” “There’s no way I should have been wrong!” “This is fucking retarded!” You will be mad at yourself for losing money, mad at the world, and just plain angry. You will obsessively, like a demented person, try to find a reason for your failure. Truth is, there is a reason (1 out of a million reasons), but most likely you won’t be able to find it. So if there’s something really bothering you, but you can’t find the answer to it, just let it go. Let it go. Seriously. If you don’t stop, you will drive yourself insane (literally). Investing is a soul punishing experience. Also, you can be mad at yourself for missing a profitable opportunity. “How could I have missed that!???” Once again, let it go.

It’s lonely.
Investing is a lonely occupation. It’s best not to work with others, or work the phone gossip all day, because it does nothing but distract your attention, and ruins your conviction. There’s really no one to talk to, because no one will understand your position. Also, if you’re a good investor, that means you’ll be ahead of the trend. So when everyone’s in bubble-mode, you’ll be bearish. As a result, your friends will think of you as a crazed professor of doom.
Edited article from http://investorzblog.com



Last edited by sriranga on Sun Jan 29, 2012 3:11 pm; edited 2 times in total

http://sharemarket-srilanka.blogspot.co.uk/

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
very important reminding .thank u Very Happy

TortoizePlus

TortoizePlus
Manager - Equity Analytics
Manager - Equity Analytics
I can't understand how investing can be full time unless you are a short term trader. If a person do day trading or short term trading with in 2-3 days, he/she need continues attention on price ticker and glue to the computer screen. On the hand, if you consider a investor who think around 3-5 years time frame or medium term at least 6 months to 2 years.. what he needs to do after picking the stock?. Does he supposed to check price every hour?. He should have enough extra time to analyse his next pick while doing another job or running another business.

I think above topic should address to short term traders.. not to investors..

Someone, who is full time in CSE, please add your thoughts...

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
Thank you sriranga

K.Haputantri

K.Haputantri
Co-Admin
Thanks Shri for your post.

Appuhamy


Manager - Equity Analytics
Manager - Equity Analytics

yes TortoizePlus. this is more suitable for short-term traders.

Appuhamy


Manager - Equity Analytics
Manager - Equity Analytics
yes TortoizePlus. this is more suitable for short-term traders.

viper123

viper123
Manager - Equity Analytics
Manager - Equity Analytics
Good post Cheers !!!

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@TortoizePlus wrote:I can't understand how investing can be full time unless you are a short term trader. If a person do day trading or short term trading with in 2-3 days, he/she need continues attention on price ticker and glue to the computer screen. On the hand, if you consider a investor who think around 3-5 years time frame or medium term at least 6 months to 2 years.. what he needs to do after picking the stock?. Does he supposed to check price every hour?. He should have enough extra time to analyse his next pick while doing another job or running another business.

I think above topic should address to short term traders.. not to investors..

Someone, who is full time in CSE, please add your thoughts...

You are correct.

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
agreed! Very Happy

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