Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
Thanks Given: 2,046
Thanks Received: 9,491
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this is a critical element that you need to understand and make sure your wife shares the same understanding. This is perhaps the most competitive (read difficult) business in the world. You absolutely have to be completely honest and never ever hide anything. The reason that is important is because you are going to have days that kick your teeth in. You must stay positive and encourage one another. Open and honest communication is a must.
The way my wife and I did this was something we started when it was someone else's money at risk. We started a daily check list that lined up my trading, our goals, and our world view. This way we could understand each others needs and emotions.
I made a daily checklist...one that I completed every day prior to trading and then again completed the "results and review" section before hanging it on the fridge. When one of us needed to talk about it we did regardless of the results. I may be able to find this or some iteration of it. If I can I'll share it with you.
I do not know what product you are trading but I trade mostly ES and I will say that if -$300 creates a response with the word f^cl< you should really be prepared.
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