After many years of being away from a theme park I needed a little reminder of how much I like roller coasters and how little I enjoy waiting in long lines. Since I made some good money in the oil bounce and EUR strength this week as outlined in my blog from last weekend I decided to take Friday off and headed over to Six Flags Great Adventure.
Upon arrival I discovered they now offer a premium package so that you don’t wait in line. They give you this nifty little toy that allows you to reserve the time and ride you want to go on next. Once you reserve the time and the ride you pretty much wait until the gadget vibrates and then you head over to a special gate that leads you right to the front of the boarding line. What a difference that makes! Seriously, if you dislike long lines as much as I do, it is worth every penny.
I have to admit that I enjoy the thrill of these rides and trust me, some of these rides can give you such an adrenaline rush. After much consideration I decided to give Kindga Ka a shot. Admittedly, reaching 128mph in under 4 seconds and going as high as 456ft above ground sounds like a lot of fun until its you in that dopey seat getting launched at such speeds.
Now, I can’t help to wonder if there are people that experience a similar kind of adrenaline rush when trading. Personally, I have never felt that way about my trading. Mostly because I stick to a tier size that I’m comfortable with and trade stocks for which I have a good idea of my risk profile. I can see how an inexperienced trader can jump into a highly volatile stock with way too much size and experience such a rush. This is specially true for trades in which size is way way out of control, and knowingly you risk a lot more than you should in a trade.
In either case, if you experience a rush when trading perhaps it is time for you to review your rules. Remember to have clear rules for the amount of money you are willing to loose in one trade and the amount of stock you feel comfortable having in a given position. You ought to trade like an emotionless robot. I can’t see how being in such an excited emotional state would allow you to make rational decisions.