Make More Money - Eliminate DRAMA | Forex Factory

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Make More Money - Eliminate DRAMA

  • #1
  • First Post: Edited Oct 20, 2015 2:51am Oct 19, 2015 10:14pm | Edited Oct 20, 2015 2:51am
- Other professional or non-professional activities
- Lover
- Family
- Friends
- Other

Whatever the sources of drama and disruption in your life, YOU WILL MAKE MORE MONEY, if you eliminate or at least minimize these distractions.

For example:
I just discovered a source of defamation for a business venture I direct is a competitor. We will lawyer up if we have to. More drama that's taking focus away from the markets.

For example:
In the past year, I had a very difficult time with an interest and her friend.... let's call them Hurricane #1 and Hurricane #2. I don't care what your line of business is. If you get involved in the wrong personal relationships, you could see your professional performance plummet.

Anyone else have examples and what they did to fix it?
  • #2
  • Oct 20, 2015 6:51am Oct 20, 2015 6:51am
If you eliminate all those from the list.. then what's the point of being successful? I've had trading periods where I felt pressure from personal life and one time it affected me badly, but in another it gave me more focus.
  • #3
  • Oct 20, 2015 7:26am Oct 20, 2015 7:26am
Quoting timestamp
If you eliminate all those from the list.. then what's the point of being successful? I've had trading periods where I felt pressure from personal life and one time it affected me badly, but in another it gave me more focus.
Excellent point. To clarify, let's say a girlfriend or boyfriend that is chaos. Fine if you keep them around, but most likely one would do better with someone who is not so troublesome. That doesn't mean going after someone as exciting as a piece of wood. Master traders can have many wild girlfriends/ boyfriends and still make money.

Not eliminate these things in ones life, but keep drama arising from them under control.
  • #4
  • Oct 22, 2015 9:24am Oct 22, 2015 9:24am
Quoting R19
{quote} Excellent point. To clarify, let's say a girlfriend or boyfriend that is chaos. Fine if you keep them around, but most likely one would do better with someone who is not so troublesome. That doesn't mean going after someone as exciting as a piece of wood. Master traders can have many wild girlfriends/ boyfriends and still make money. Not eliminate these things in ones life, but keep drama arising from them under control.
Exactly. It's about the time you dedicate only for trading. Focus can be micromanaged and obtained for shorter periods, even you have some heavy stuff to deal with, both positive and negative. Yes, it might not work always and you could get distracted. Then just don't trade. Focus is key and errors are either missed profits or real losses.
  • #5
  • Oct 23, 2015 2:01pm Oct 23, 2015 2:01pm
My colleagues today are acting in a manner that is commensurate with controlled substance use or just being super dumb. Do not have people working with you act this way if you want to make money.
  • #6
  • Oct 30, 2015 6:24am Oct 30, 2015 6:24am
Quoting R19
My colleagues today are acting in a manner that is commensurate with controlled substance use or just being super dumb. Do not have people working with you act this way if you want to make money.
Lol, bad day? I have to admit stress doesn't really affect me... I mean you are using a different part of the brain?
  • #7
  • Oct 30, 2015 6:50am Oct 30, 2015 6:50am
Quoting R19
YOU WILL MAKE MORE MONEY, if you eliminate or at least minimize these distractions.

You'll also live like a hermit, have nothing to spend it on, and die lonely. Some balance, with income and relationships, isn't a bad idea, for most people.
  • #8
  • Oct 30, 2015 7:27am Oct 30, 2015 7:27am
Quoting R19
If you get involved in the wrong personal relationships, you could see your professional performance plummet. Anyone else have examples and what they did to fix it?
First of all: that is common to every profession not only to trading. You could ask the same question every (young) entrepreneur.

What I do to fix it? I don't have to fix anything, I simply do not meet with idiots or socialists and my family lives in another country. I'm in my thirties now so the days of childish behaving dramaqueen girlfriends is over. Oh and doing sport helps too. Running or letting it all out loud and heavy in a gym.
Of course their's still the occasional drama, well it's live. I have dedicated time for trading locked up in my home office with head phones on so the charts can hypnotize me.
  • #9
  • Edited 8:08am Oct 30, 2015 7:39am | Edited 8:08am
Quoting Xela
{quote} You'll also live like a hermit, have nothing to spend it on, and die lonely. Some balance, with income and relationships, isn't a bad idea, for most people.
I will be polite when I say this, but I don't know what planet you live on. Anyone who says money doesn't buy happiness, doesn't have any and doesn't know how to use it. I could easily spend zero money or serious five figures a day and have a blast either way.

As for my situation, I am like many who have other business concerns in addition to trading. It is not so easy to walk away from them because some of us are not just employees going to a job. Some of us direct and own businesses. Some of us have invested in other areas. I'll bet big money right now that many of you have never run anything, let alone managed any aspect of it.

Here is an example:

Someone I recently worked with does in fact use controlled substances. They decided that their level wasn't enough and they weren't wild enough so they got in a scene where they could pick up their game. They tore through their family, friends, and even our place of business. I played a part in helping them, but it did take time, energy, and attention. The market doesn't care about any of this, and I didn't need this drama in my life. I just worked through it, and it came at a price.
  • #10
  • Oct 30, 2015 9:27am Oct 30, 2015 9:27am
Quoting R19
I will be polite when I say this

Thanks for that - I'll be polite when I reply, then.


Quoting R19
I don't know what planet you live on.

The same one as you.

I perhaps experience it differently, though.

I felt that the perspective of the thread might be improved by someone mentioning that some balance, with income and relationships, isn't a bad idea, for most people.

I don't think it should be too contentious to mention that "eliminating all those distractions", as per your recommendation above, may not lead to a very happy or fulfilled life, for many people. (Quite how you got from that observation of the obvious to the rest of your response above is anyone's guess!).
  • #11
  • Oct 30, 2015 9:51am Oct 30, 2015 9:51am
Quoting R19
{quote} I'll bet big money right now that many of you have never run anything, let alone managed any aspect of it.
That's rather presumptuous and some superiority complex!
  • #12
  • Last Post: Jun 2, 2026 5:21am Jun 2, 2026 5:21am
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