I would like to wish all the moms out there a Happy Mothers Day!
Whether you are a mom taking care of¬†the kids while your husband trades, Happy Mothers Day!
Whether you are a mom trading in your spare time, Happy Mothers Day!
Whether you a mom trading full time, Happy Mothers Day!
And Happy Mothers Day to all the other endless variations.
To all the male traders out there with supportive spouses, let them know how much you care for them and how much they contribute to your end result of trading profits.
As the quote goes: ¬†“Happy Wife, Happy Life.”
And also because the real gift of life are people and relationships. ¬†The quality and quantity of your relationships.
You can be living on a remote, uninhabited island with your computer and charts and internet and make as much money as you want, and then what is going to happen?
What good is all the trading profits of the world, if you have no one to share it with? ¬†What good is sitting atop your massive trading account, if you have no one to share it with? ¬†Certainly better that you have the money. ¬†And also look to strengthen your relationships. ¬†You can do both most of the time. ¬†They are not mutually exclusive.
Mark D. Cook’s Mother’s Saving Words
In the book Stock Market Wizards, the trader Mark D. Cook talks about how he was in debt a few hundred thousand dollars after a bad trade, losing $100,000 of his mother’s money. ¬†Her attitude that it was not a big event and that her son would make the money back was a big driver in him recovering and continuing trading.
The exchange is as follows:
“Mom: ¬†Mark, what is the problem?
Mark Cook: ¬†Sit down on the couch, Mom.
Mom: ¬†What’s wrong, Mark? ¬†Is it something serious?
Mark Cook: ¬†Yes, I’m afraid it is. ¬†Mom I lost $100,000 of your money.
Mom: ¬†What else?
Mark Cook: ¬†What do you mean, ‘what else’? ¬†That’s it, Mom.
Mom: ¬†Oh that is all! ¬†I thought you had cancer
Mark Cook: ¬† (did that ever put things in a different light. ¬†Her next sentence to me was unbelievable:
Mom: ¬†How long will it be until you make it back?
Mark Cook: ¬†(if she would have said anything else, I would have quit. ¬†But she had said just the right thing, at the right time.)
What a wonderful attitude his mother had! ¬†If only more people in the world had that attitude, there would be a lot more successful traders.
I remember another story of Paul Tudor Jones saying that without his wife (mother of four children), he would be dead, as she watches over his health.
There is another story of how one multi millionaire entrepreneur was going through the journey of making it big. ¬†And he was relatively broke for a lot of his young adult life. ¬†But he said in his autobiography, that his parents never said anything to discourage him.
And finally I want to give a shoutout to my mom for bringing me into this world. ¬†She was a single mother at the time with her hands full with quite a few other children, and she could have just as easily aborted me, but she chose life. ¬†Happy Mothers Day to her from me!
Without that, I would not have been able to go on this journey and master trading and then sharing it with you.