This is a guest post by Francois Normandeau

This is a fictional story.

Tom’s diary.

Year 1: I decided to become a trader.
I want to get rich quickly and easily and retire next year.
I always liked catamarans and maybe I can date models.

Year 2: Since I decided to become a trader, I lost $50,000.
I had a dinghy and sold it for $500.
I need that to open a micro-lots fx account.
I think I should read books on trading.
I met Stacey. She does photo-shoots of gardens and forests.
She is a part-time photographer…. she finds me ‘cheap’ and says I spend too much time with the markets & that it’s all a dream.

Year 3: Stacey left me. that has given me more time and I have read 82 books on trading, finance, economy, psychology.
I know technical indicators better than my own family.
I can compute and deduce. I can anticipate and react.
I can also say that I am a much better trader.
this year, I did not lose $50,000.
I eat well once a week.
My psychologist keeps asking me if it’s all in my head and that maybe I am refusing to leave this virtual reality.

Year 4: I have decided to terminate my relationship with my psychologist. he was too expensive and I live on modest means.
I am writing articles for 2 blogs & I sound nice and professional.
people look up to me. that is good for my self-esteem.
But I refuse to tell anyone that my average gain is $120.00 and I rarely have losses but my losses are $2,000.00 easy.

Year 5: I don’t read books anymore. actually, I don’t read.
I have canceled my TV package and bought 6 monitors.
I am watching 12 markets, like a hawk, 18 hours a day.
I started photo-modelling on my spare time.
I was told I have a nice abdomen and they need people for pictures of underwear and boxer shorts & it’s easy money.
I reinvest everything in my trading account.
I have no car. no girlfriend. no friends. no life. no family.
But after 5 years I know that trading is all that matters to me.

Year 6: I am seeing the light at the end of the tunnel.
I now have a more normal life.
I know when to trade and when to step away.
I can manage decent profits and I keep losses tiny.
After having tried 127 ways to trade, I have kept the few things that make sense to me and that, on the long run, bring a profit.
I have finished paying off my student’s loan of 12 years ago and I managed to buy a small sailboat, nothing fancy.
I feel like maybe this is real.
I used to be obsessed with trading. I am more relaxed now.
I only think about it all through the day but more calmly.

Year 7: After 7 years, after losing pretty much everything, and not giving up, I have closed each month with a profit.
I can afford a small car. I am taking a small trip to see what’s out there… I will go to the next city and do a weekend of golf.
I am living the dream, ’cause I saw Donald Trump today and he said ‘kid, no matter what, keep going.”

Year 8: My income is now decent enough that I am starting the year with a 3-week all-inclusive vacation in the Maldives.
I booked a private suite.
the hostess here looks like a photo model, and when she found out that I trade for a living, she asked me on a date her interest was born in that single instant and she said:
”Wow! You trade for a living. it must be nice to get rich quick.
and to know that life always was and always will be easy.”…
I thought she was too keen and too pushy
and obviously, she has no clue as to what it took to get here.
I canceled the date.
I’ll probably grow old, with my 6 monitors and my cats, but hey, I chose this life. and I am not rich but I am happy. 😉

Francois Normandeau

P.S. A fictional account, but not too far from how it all goes for thousands of real, dedicated traders out there.
A story on the real cost of trading, and the real rewards at the end, way beyond wealth and money.

A Traders Diary: Guest Post

By Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.